Back-end systems integration vendor webMethods has entered a strategic alliance with Omgeo, aimed at easing the integration challenges for securities firms linking to the trade matching utility.
As part of the agreement, webMethods will develop eStandards modules for Omgeo Central Trade Manager (Omgeo CTM), a central matching platform, for automating post-trade executions. Additionally, webMethods has promised to ensure an easy migration for existing customers using Omgeo OASYS Global with a module to support their current post-trade settlement.
The webMethods integration platform is being extended to offer full support to financial services institutions, with implementations of key industry protocols such as FIX, GSTPA, Swift, IFX, OFX, and Accord. The system provides a foundation for integrating data from a full range of applications, including packaged and custom applications, legacy and mainframe systems.