Mercator Software, Inc. announced that it is providing an integrated straight-through-processing solution to First State Investments (Hong Kong) Limited. Mercator technology will allow the asset-management company to automate its entire securities-transaction flow -- including trade management, matching, and settlement -- as well as streamline its back-office operations.
Omgeo, a provider of global trade-management services, announced that thirteen additional firms from all segments of the global-securities industry have signed on as"Early Adopters" of its Omgeo Central Trade Manager (Omgeo CTM) global straight-through-processing platform. The most recent Early Adopters include Bloomberg L.P., Deutsche Bank AG, Dovetail Systems Inc., Financial Fusion Inc., Macgregor, Salomon Smith Barney Inc., Thomson Financial's. PORTIA and Oneva Trade EQ, UBS Warburg, UFJ Trust Company of New York, Vitria, webMethods, one additional investment manager and one outsourcer for the investment management community.
The Depository Trust & Clearing Corporation's (DTCC) Board of Directors elected James V. Umberger to managing director at their June meeting. As managing director in Applications Development and Maintenance, Umberger is responsible for DTCC's application-landscape domain. This includes functions such as software-quality management, configuration management, applications architecture and solutions engineering.
BNY Securities Limited, a U.K. subsidiary of the Bank of New York, has signed an agreement with Wilco International, a subsidiary of Automatic Data Processing, Inc., to use Wilco's Tarot securities-processing system for its new U.K. retail-clearing-services operation. BNY will offer this new service on an outsourcing basis to retail- and private-client stockbrokers and investment managers, building on its experience in the U.S. where it serves 250 brokers and investment managers.