Omgeo Upgrades ProtoColl Functionality

Capitol building in Washington DC
The enhancements are designed to incorporate pending regulatory reform for the trading of standardized OTC derivatives.

Omgeo has announced the upgrade of its ProtoColl software for managing exposure across centrally and bilaterally cleared over-the-counter (OTC) derivatives trades.

Available in ProtoColl 7.5,  the new upgrades allow for a single view of exposures across collateral-related trades. These include centrally and bilaterally cleared contracts, as well as exchange-traded derivatives, securities lending and repurchase agreements.

"We are seeing increased focus on automated collateral solutions as firms recognize that they need to act now to prepare their internal processes ahead of the implementation of new regulatory mandates including Dodd-Frank and European Market Infrastructure Regulation (EMIR)," says Ted Leveroni, executive director of derivatives strategy and external relations at Omgeo. "While the regulations are still to be finalized, there will always be the need for both bilateral and centrally cleared capabilities and ProtoColl gives clients the ability to manage both from a single platform today."

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