Omgeo OASYS

Omgeo OASYS is our U.S. domestic trade allocation and acceptance service that communicates trade and allocation details between investment managers and broker/dealers. OASYS replaces manual faxes, phone calls and e-mail by automating trade processing, improving efficiency, cutting costs and reducing the risk of trade failure.

about

OASYS incorporates powerful functionality that streamlines the trade process and increases user efficiency. Key features include:

  • Automatically sends allocations from investment managers to broker/dealers following trade execution
  • Integrates with real-time central matching capabilities through OASYS-TradeMatchSM to automate, accelerate and consolidate the affirmation process with the allocation process
  • Provides a current status of trade activity including matching statuses
  • Accepts or rejects trade details and allocations on the same business day
  • Automatically appends broker/dealers’ internal account numbers to allocations when used in conjunction with Omgeo ALERT®
  • Handles both equity and fixed income securities including data elements for mortgages, TBA’s, and repos
  • Supports give ups/tradeaways by offering allocations to multiple broker/dealers through a step-out processing feature for both equity and fixed income securities
  • Step out processing functionality supports retail Separately Managed Account (SMA) business workflows to allocate and notify both executing broker-dealer and sponsor broker custodians
  • Support of broker to broker street side clearance involved with step-outs via new Market Participant Identifier (MPID) support to facilitate broker to broker street side clearing

benefits

  • Increase efficiency and minimize processing costs by limiting duplication of effort, ultimately lowering back-office overhead
  • Reduce risk by eliminating costly errors associated with manual and verbal communications
  • Simplify workflow with a single point of access for all U.S. domestic allocations for all counterparties
  • Improve STP capabilities through access to a vast community of trading counterparties for communicating post-trade details

how it works

Investment managers send allocations via OASYS to broker/dealers automatically following trade execution. Broker/dealers can accept or reject trade details and allocations on the same business day, ensuring that all details are correct before settlement, which enables discrepancies to be resolved prior to confirmation and ensures that all details are correct before settlement.

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