The DTCC has the remaining half of post-trade processor Omgeo from Thomson Reuters
The Depository Trust & Clearing Corporation (DTCC) has
completed the acquisition of post-trade processor, Omgeo,
buying the remaining half of the company from Thomson
Reuters writes Rob Hartley.
DTCC hopes the deal will drive down the risks and costs of
post-trade processing and boost cooperation between the
buy-side, sell-side and custodian communities.
"Working together with Omgeo under a single integrated global
strategy for post-trade processing, DTCC will leverage the
strengths and breadth of both organizations to create
valuable services for our mutual clients and reduce related
costs and risks," said Michael Bodson, DTCC President and
Chief Executive Officer.
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