Omgeo, Sungard on Singapore Exchange short list
(Singapore) - Financial IT providers Omgeo and Sungard are both on a short list of 10 finalists for the contract to build the Singapore Exchange's new virtual matching service (VMU).
While the full short list has not been revealed, Jim Drumm - Omgeo's head of Asia-Pacific operations - confirmed the company's selection. Omgeo is a joint venture between Thomson Financial ESG and Depository Trust and Clearing Corp.
A Singapore Exchange "source" also told local media that Sungard was on the short list.
Singapore's VMU is part of a broad series of straight-through processing initiatives begun in October 2000, with the aim of providing fully integrated trading, clearing and settlement for both equities and derivatives.
A Singapore Exchange "source" also told local media that Sungard was on the short list.
Singapore's VMU is part of a broad series of straight-through processing initiatives begun in October 2000, with the aim of providing fully integrated trading, clearing and settlement for both equities and derivatives.
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