Crest and Omgeo Partner for Straight Through Processing
MIDDLEWARE AND STP
LONDON--Securities settlement system provider Crest has formed a strategic partnership with trade management solution Omgeo to provide a better, cheaper process from execution to settlement for domestic and cross-border trades in UK securities.
"The costs of cross-border investment are not in Crest or Omgeo--they're out there among the investment managers, brokers and custodians," says Iain Saville, chief executive of Crestco, referring to the way that the current roundabout confirmation and
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