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Omgeo offers new sweep feature tool of Alert product

Traders Magazine, November 2008

Gregory Bresiger

For want of a nail, the battle was lost-and often, the simplest thing is why a settlement is botched. That's the philosophy of Omgeo officials, who have just released a new version of their Omgeo Alert product, a database for the communication of global settlement and account instructions. Omgeo Alert SSI Lift Out is designed to ensure that settlement instructions and account data are correctly entered. The product update is designed to establish multiple levels of authorization for the creation and deletion of all (FX) foreign-exchange and cash settlement instructions.

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