Omgeo to Release Standard Settlement Instruction Scanning Tool by 2010

    • Carla Mangado
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Boston - Omgeo, the post-trade, pre-settlement trade management services provider, plans to release a settlement instruction scan (SIC) tool for Omgeo Alert, its standing settlement instructions (SSI) product, by the end of 2009 or early 2010, Inside Reference Data has learned.

The new tool will run an entire client's SSI database through the validation engine, giving the client a one-time validation across all their instructions.

Boston-based Steve Matthews, managing director, product, Omgeo

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