About DTCC

About Omgeo

Omgeo was formed in 2001 and is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation (DTCC). Omgeo is the operations expert, automating post-trade life cycle events between 6,000 financial services firms in 52 countries. We enable clients to accelerate the clearing and settlement of trades, seamlessly connect and interoperate with their counterparties, and respond to changing market and regulatory conditions.

Omgeo operates through the following legal entities, providing services to clients around the globe:

  • US: Omgeo LLC
  • Singapore: Omgeo Pte Ltd
  • Canada: Omgeo Canada Matching Limited, Omgeo Canada Limited
  • Japan: Omgeo K.K.
  • Hong Kong: Omgeo Limited
  • UK: Omgeo Limited
  • Australia: Omgeo Pty Ltd

Leadership Team

We are governed by our community. Omgeo has always looked to its board of managers, representing market participants worldwide, to help guide our strategic business decisions. This governance has ensured that Omgeo has been responsive, innovative and delivered value throughout its history. Critical to our day-to-day and long-term strategies is our executive team. Each team member represents a specific function, managing the associates that contribute to achieving our goals and objectives. Every executive team member contributes to the overall strategy, taking client priorities on board as they help prioritize Omgeo’s approach.

Combining strong internal resources with external expertise, Omgeo's leadership team is made up of an experienced and diverse group of individuals strategically dispersed across the major markets in which we operate around the globe.

Omgeo Global Board of Managers Our Executive Team
Timothy Keady
Managing Director and Head of DTCC Solutions
DTCC
Paula Arthus
President and Chief Executive Officer
Paula Arthus
Managing Director and President & Chief Executive Officer
Omgeo LLC
Norman Belo
Executive Director, Global Operations and Client Services
Joan Binstock
Partner, Chief Financial and Operations Officer
Lord Abbett & Co. LLC
Tony Freeman
Executive Director, Global Industry Relations
Susan Cosgrove
Managing Director and Chief Financial Officer
DTCC
Melanie Heroux
Executive Director, DTCC Solutions Marketing and Sales Planning & Execution
Edward Hazel
Managing Director, Global Head of Confirms, Servicing and Settlements Operations
Goldman Sachs & Co.
Joan Mezzanotte
Director, Human Resources Business Partner
Bill Hughes
Managing Director, Global Head of Investment Banking and Global Operations
Credit Suisse
Martin Mroz
Managing Director, Application Development
Peter T. Johnston
Executive Vice President, Client Service Delivery
BNY Mellon
Matthew Nelson
Managing Director, Global Product and Strategy
Patrick Kirby
Managing Director and Chief Operations Officer of CIB Securities Operations
JPMorgan Chase
Lynn Reen
Executive Director, Finance
Richard Taggart
Global Head of Operations
State Street Global Advisor
Julian Stapleford
Executive Director, Deputy General Counsel


Mark Vercruysse
Managing Director, Relationship Management


DTCC's Omgeo Services

 

Legal and Regulatory Compliance

Regulation of Omgeo in the United States

Several Omgeo services are subject to regulation by the U.S. Securities and Exchange Commission (“SEC”). DTCC's Omgeo TradeSuite ID and DTCC's Omgeo TradeMatch, which are U.S.—based electronic trade confirmation and central matching services, are subject to SEC regulation and is a service of Omgeo Matching Services – US, LLC. DTCC's Omgeo Central Trade Manager, which is a central matching service, is subject to SEC regulation when the service is used for trades in which either the broker-dealer or its institutional customer is a U.S. entity and the securities in the trade are issued by a U.S. issuer and is a service of Omgeo Matching Services – US, LLC. The SEC regulation of Omgeo Matching Service – US, LLC is set out in an SEC order granting an exemption from registration as a clearing agency. The order is contained in SEC Release No. 34-44188; File No. 600-32; 66 FR 20494 (April 17, 2001).



Regulation of Omgeo in Canada

Omgeo Canada Matching Limited (Omgeo Canada) has been granted status as a Matching Utility by the Ontario Securities Commission under NI24-101.  Omgeo Canada has been authorized by the Ontario Securities Commission to offer its matching service, DTCC's Omgeo Central Trade Manager to its Canadian clients.



Regulation of Omgeo in the United Kingdom

Omgeo Limited (Omgeo) has been authorised by the Financial Conduct Authority (FCA) to carry out regulated activities in the UK as a Service Company. DTCC's Omgeo Central Trade Manager and DTCC's Omgeo ALERT systems, are regulated services in the UK.



SSAE 16 Audit of Control Environment

On an annual basis, DTCC engages an independent third-party auditor to examine and report on the suitability of the design and operating effectiveness of controls for the most widely used Omgeo solutions. The auditor prepares a Service Organization Control (SOC) 1 Type 2 report in accordance with Statement on Standards for Attestation Engagements (SSAE) No. 16, which was published by the American Institute of Certified Public Accountants (AICPA) and supersedes the SAS 70 standard for performing an examination of controls and processes. The SOC 1 report addresses controls in various areas, including data accuracy, security and processing timeliness. The report also contains a description of the control environment, including systems and processes, as well as management's assertion about the design and operating effectiveness of this control environment. Please direct SSAE 16 inquiries to your Relationship Manager, a Sales Associate or by contacting DTCC’s Client Contact Center.

If you have any questions, please contact DTCC’s Compliance Department at dtcccompliancehotline@dtcc.com.

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