Trade matching firm Omgeo is to use Radianz's global financial extranet to provide clients with alternative access to its Central Trade Manager (CTM) straight-through processing (STP) platform.
Omgeo says it will utilise the Radianz shared market infrastructure platform as an alternative delivery mechanism for CTM. In addition to matching trade details, Omgeo CTM provides exception-only processing, real-time settlement instruction enrichment and automated settlement notification messaging.
Kathy Ball-Toncic, executive director, Global STP Partners Programme at Omgeo, says the firm recognises the importance of offering a variety of ways for clients to access CTM: "Through Radianz's shared connectivity platform, our clients will have the opportunity to access Omgeo CTM along with a variety of other services and counterparties they need to reach over a single resilient connection."
The Radianz connection is currently planned for availability by year end.
As part of the agreement, Radianz says it has joined Omgeo's STP Partners programme and will explore the possibility of developing additional interfaces to other Omgeo services.