New York, Boston, London, Hong Kong, Singapore - Omgeo, the provider of institutional post-trade services, has announced that over 225 investment managers worldwide are now leveraging Omgeo ALERT for Foreign Exchange (FX) standing settlement instructions (SSI).
ALERT is an online database for the maintenance and communication of account and SSI, which enables over 1,800 investment managers, brokers, dealers and custodian banks to share data worldwide. Today, ALERT supports FX, as well as equities, fixed income, money market, cash and derivatives instructions.
"By leveraging a single solution to manage and maintain all of our settlement instructions, we are able to bring greater efficiency and reduced risk to the post-trade lifecycle," stated Jay Daly, Director of Investment Operations, Pioneer Investments Management USA Inc. "At the same time, we are able to streamline our broker, dealer interactions - granting them access to leverage our SSIs directly from the ALERT service."
"We are pleased to see so many of our existing customers continue to get additional benefit out of the ALERT service by leveraging the solution to better manage their FX instructions," added Bill Meenaghan, Director of ALERT Product Management at Omgeo. "As firms look to bring greater levels of automation to their post-trade FX processes, ALERT is a key component of that strategy. We look forward to our ongoing work with our new and existing community members to deliver on the promise of the SSI Utility."