Omgeo and YSS Tech partner to increase post-trade automation in China

First Published 11th July 2012

Partnership links Omgeo CTM central matching capabilities with YSS Tech financial valuation and investment transaction management solutions for streamlined trade processing


Nellie Dagdag, executive director, sales and solution delivery, Asia Pacific, Omgeo

Nellie Dagdag, executive director, sales and solution delivery, Asia Pacific, Omgeo

"The partnership with YSS Tech will enable Chinese investment managers to support increased offshore activity through end-to-end automation on a straight-through-processing model."

Shanghai, Beijing, Shenzhen, Hong Kong - Omgeo has signed a partnership agreement with Shenzen YSS Tech Info-tech Co, a provider of financial technology to China's financial services industry, in order to bring increased levels of automation to international equity and fixed income trade processing for Chinese investment managers.

With this partnership, Omgeo and YSS Tech have agreed to provide automated processes from execution to settlement by building interfaces linking Omgeo Central Trade Manager with YSS Tech's GoldenFinger, a financial valuation management product, and SPOMS, an investment transaction management solution. Omgeo CTM is the strategic platform for the central matching of cross-border and domestic equity and fixed income transactions.

Clients who choose these solutions will be able to access Omgeo CTM directly from the YSS Tech's GoldenFinger and SPOMS user interfaces in their local language. The joint offering is fully integrated and will enable Chinese investment managers to connect with Omgeo's existing community of 6,500 brokers and investment managers worldwide.

Vice President of YSS Tech's Product Center, Chen Zhenfei, said, "YSS Tech is delighted to collaborate with Omgeo, in working together to provide users in the industry with more comprehensive settlement automation for offshore transactions." Chen added, "Because the solutions link YSS Tech's financial valuation system and investment transaction management system for Omgeo CTM through a data bridge, the design provides a solution for users of either YSS product as well as those using both products at the same time."

"We welcome YSS Tech to our global community of partners," said Nellie Dagdag, executive director, sales and solution delivery, Asia Pacific at Omgeo. "The partnership with YSS Tech will enable Chinese investment managers to support increased offshore activity through end-to-end automation on a straight-through-processing model and demonstrates Omgeo's ongoing long-term commitment to the Chinese market."

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