Trade management services provider Omgeo has bolstered TradeSuite, its trade confirmation service for the U.S. market, with new functionality supporting the processing of repurchase agreements--repos--and reverse repos.
Steve Matthews, managing director of product at Omego in Boston, said that the repo and reverse-repo matching engine was not a stand-alone product but rather part of the 7.0 version of TradeSuite, which was announced last week. At the message level, Matthews said the service will add 50 to 60 fields to TradeSuite's confirmation functionality.
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