Omgeo Acquires Allustra and Launches Integrated Derivatives Product Line

Omgeo has acquired London-based collateral management technology provider Allustra. Allustra offers a suite of products that provide customers the ability to consolidate trade positions across asset classes, including OTC derivatives, and to manage the collateral process that mitigates the associated counterparty risk. Mark James, managing director of Allustra, joins Omgeo's executive committee as managing director.

In addition, Omgeo acquired a derivatives portfolio reconciliation platform designed by Global Electronic Market's (GEM), after piloting the technology with a brokers/dealer and a hedge fund. By joining GEM's derivatives reconciliation capabilities with Allustra's collateral management solution, Omgeo now offers a combined derivatives product line.

Publish Date: September 15, 2008
Source URL: http://www.wallstreetandtech.com/showArticle.jhtml?articleID=210601553