Omgeo, a provider of post-trade pre-settlement trade management technology to funds managers, is moving aggressively in to the hedge fund space under new global chief executive, Marianne Brown.
Forging partnerships with hedge fund administrators and prime brokers, building their compatibility with Omgeo’s flagship Central Trade Manager (CTM) system, was high on the agenda for Brown during a visit to Australia this week – her first since succeeding Australian-born Adam Bryan in November. “;Most hedge fund managers don’t have large IT teams, so we need to make it as easy as possible for them to connect to the CTM,”; Brown said. “;We’re finding that hedge funds are relatively easy to convince on the merits of aggregating and organising their active trade information. Derivative contracts are increasingly complex, and no two are created equal, while trading volumes are going higher all the time due to developments like algorithmic trading.”; Omgeo currently processes trades for about 100 hedge funds worldwide, Brown said.
Australian super funds’ collaboration with their British counterparts to change the UK policy setting is an engagement effort the first of its kind. However, as the global pension industry and financial markets become increasingly entwined, it certainly won’t be the last. IFM Investors’ David Whiteley outlines its global engagement ambitions on behalf of super funds.
Darcy SongOctober 14, 2024
