PARTNERS
Open Finance Aggregation eXchange is a leading enabler of data consolidation in the financial services industry. Omgeo partnered with Open Finance to simplify investment managers' settlement communications with custodian banks. This joint solution unites Open Finance TradeStream, a simplified and automated process for interfacing to multiple custodian banks, with Omgeo TradeHub, an open messaging system for reliable post-trade communications.
Through this partnership, TradeStream accepts executed trade information from investment managers, in any format, and automatically transforms the data into TradeHub's SWIFT messaging protocols, batches it by custodian, and transfers the data to the banks using a secure VPN connection. All trade details are then confirmed accepted by the custodian banks, to ensure that no trades are lost or delayed. By accepting investment manager trade data in existing formats, including XML or tab delimited files, investment managers are able to spend more time on core competencies rather than faxing, e-mailing and phoning trade settlement details. The result is a more reliable and less error-prone method of communication of trade settlement information to custodians.
Key Benefits
- Enhance STP and trading efficiencies, including automatic message translation and transmission of accepted executed trades from investment managers
- Allow delivery of trade suballocation instructions
Improve data integrity through reduction or elimination of manual processes, such as phone calls - Enable reliable and secure U.S. and international messaging and communications between trading counterparties
- Offer direct link to Omgeo's community of custodian banks
- Supports equity and fixed income trades today
Open Finance Aggregation eXchange clients frequently use our aggregated data for business intelligence and reporting. In order to demonstrate the possibilities that data aggregation offers, we have developed a set of standard reports using JasperReports and iReport from Jaspersoft.
We offer these report templates to our clients as the basis for their efforts so that they can also use the tools to develop their own unique brand of business intelligence and reporting as well.
Our investment in these tools has paid off handsomely as the learning curve is not steep and the results are comprehensive.
Key Benefits
- Easy to use, highly featured report generation
- Multi-platform support for development using Windows or Linux and deployment using Linux
- PDF and printing support
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Transaction Report Position Report Asset Report |
Asset Allocation by Custodian Asset Allocation by Country/Currency |
Market Overview Investment Summary Performance by Asset Class |