CheckFree TradeFlow, a post-trade transaction process management solution, has an existing community of clients that connect today to Omgeo’s Central Trade Manager (CTM) via CheckFree TradeFlow.
Geoff Harries, director of securities product management at CheckFree, said: CheckFree has worked with Omgeo for many years and CheckFree TradeFlow already provides the same functionality within both its C and local matching solutions. In fact, CheckFree has already moved the sophisticated settlement enrichment processing from our local match solution into our Omgeo C workflow to support the migration.
The move to Omgeo C is mandatory by April 2008, and clients are implementing CheckFree TradeFlow as a tactical solution in their long-term strategic approach to post-trade processing. CheckFree TradeFlow provides firms with a consolidated view and management of all trades, regardless of instrument class or where they are matched, centrally or locally.
