Singularity Achieves Certification to Omgeo CTM for Brokers

London/Boston/New York – 22nd June 2009 –

Omgeo, the global standard for post-trade efficiency, and Singularity, a leading provider of mission critical securities processing solutions to the Banking & Capital Markets Industry, today announced that Singularity has certified their interface to Omgeo Central Trade Manager (Omgeo CTM) for broker/dealers. In doing so, Singularity becomes the first Omgeo Partner to certify on Omgeo's newest offering for the broker/dealer community.

Omgeo CTM is a central matching platform for cross-border and non-U.S. domestic fixed income, equity, exchange traded derivative and contract for difference transactions that further streamlines trade flows, decreases operational risk and increases efficiency. Omgeo CTM offers exception-only processing, real-time settlement instruction enrichment and automated settlement notification to custodians and interested third parties.

Through its Singularity Process Manager for Omgeo CTM, Singularity provides out-of-the-box connectivity to Omgeo CTM, enabling global broker/dealers to access Omgeo's central matching capabilities from their Singularity solution. Singularity's solution, the Singularity Process Manager for Omgeo CTM, is agnostic and non-invasive, and can be implemented at any Broker without changing the Broker's host/in-house applications. In addition, the solution was architected to provide existing Omgeo OASYS Global broker/dealer users with a smooth transition to Omgeo CTM, ensuring no adverse impact on their brokerage operations during transition.

Simon Powell, regional manager, global alliances at Omgeo, commented: “Singularity shares some of Omgeo's largest global clients. Partnering with Singularity allows our Omgeo brokerage clients to easily realise the benefits of Omgeo CTM and a more streamlined post-trade environment. In today's volatile global markets, brokers must minimize their operational risk while reducing costs and serving their clients and counterparties well. Singularity's link to Omgeo CTM offers Brokers a fast, smooth and secure transition so that the benefits of central trade management can be quickly realised.”

Dermot McCauley, Director of Banking & Capital Markets, Singularity, added: “We're delighted to be working with Omgeo to provide global broker/dealers with access to Omgeo CTM via the Singularity platform. With this new link, in addition to our investment manager link to Omgeo CTM, we provide a complete solution for today's markets. Critically, we are the first supplier to offer, through our Singularity Process Manager for Omgeo CTM product, both buy-side and sell-side Omgeo CTM connectivity, helping to bring forward the benefits of industry-wide central trade management.”

ABOUT OMGEOSM
Omgeo creates certainty in post-trade operations through the automation and timely confirmation of the economic details of trades executed between investment managers and broker dealers. Every day Omgeo enables an efficient community of more than 6,000 financial services clients in 46 countries to manage matching and exception handling of trade allocations, confirmations, and settlement instructions. Omgeo has also extended its trade lifecycle coverage to include counterparty risk management, which supports end-to-end collateralization and reconciliation across multiple asset classes. Leading organizations rely on Omgeo to help manage an increasingly complex investment industry by providing operational stability and solutions that complement the focus on profitability in an era of escalating trade volumes. Across borders, asset classes, and trade lifecycles, Omgeo is the global standard for operational efficiency across the investment industry. Formed in 2001, Omgeo is jointly owned by the DTCC and Thomson Reuters. 

For more information about Omgeo, please visit www.omgeo.com

About Singularity
Singularity increases the performance and agility of business processes by rapid implementation of its industry-leading Business Process Management (BPM) products.

Singularity’s mission is to populate the world with agile organizations. As the leading Business Process Agility specialist we today serve clients in over 30 countries from our offices in London, New York, Singapore, Ireland and India and through our network of partners globally. Acclaimed by leading industry experts, as the best in our field, we provide a unique combination of thought leadership and practical help that creates a new generation of successful organizations.

For further press information please contact Kathryn McDevitt at Singularity.
Email: marketing@singularity.co.uk, or telephone: + 44 28 71 267767. For more information, please visit http://www.singularitylive.com or http://www.singularity.co.uk

Download Press Release | More Press Releases