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OM To Showcase Front To Back Office STP Solutions At Sibos

Date 17/09/2002

OM, a world leading provider of transaction technology to the financial services and energy industries, will showcase their front to back office STP solutions, including Corporate Actions System (CAS) at Sibos 2002, (Stand B058) the world's premier financial services event, to be held in Geneva, 30 September - 4 October.

"As we move toward seamless trading on a global level, STP solutions should be a top priority for every financial institution and CIO" says Patrik Egervall, Head of Global Sales and Marketing, OM. "OM's extensive experience in the exchange market gives us the insight and knowledge to anticipate the needs and demands of financial institutions in an increasingly complex environment."

OM will demonstrate its full range of STP Institutional, Retail and Integration solutions - including Order Management, Trade Management, Position Keeping and Trade Execution. Together, these solutions deliver full trading capabilities for front office equities trading. OM will also showcase its industry leading Corporate Actions System (CAS), which provides full lifecycle processing of corporate actions. Corporate Actions System from OM can reduce the manual effort spent processing a corporate action by up to 70 percent. Back Office for Hire, a fully outsourced service to the settlement industry, will also be featured. In addition, OM will present it's new standard CSD settlement system, EXIGO, to the clearinghouse industry.

"We are committed to meeting our clients' changing needs as they strive to gain an edge in an increasingly competitive environment," says Guy Everett, Vice President for Sales, EMEA, OM. "We have the expertise and resources to implement cost effective solutions to existing, complex legacy systems - solutions that will help our clients increase their efficiency and achieve STP."