OMGEO ALERT ADDS COVERAGE OF MORE DEPOSITORIES

Posted June 1, 2009

NEW YORK – Trade processing, risk mitigation and operational services provider Omgeo LLC has announced enhancements to Omgeo ALERT, its Web-based global database for the maintenance and communication of standing settlement and account instructions (SSI). The new functionality, known as Omgeo ALERT New Markets and Validations, provides expanded instrument coverage and compatibility with over 150 depositories worldwide.

“Our objective was to create the most compliant rules engine on a market-by-market basis,” says Steve Matthews, Managing Director, Product, at Omgeo. “In the first month of availability, the new enhancements to Omgeo ALERT have provided excellent momentum. From significant uptake in countries around the globe -- among them Greece, The Philippines, New Zealand, Spain, Indonesia and Brazil -- to the successful addition of new derivative and fixed-income product types marks a tremendous step for ALERT. This momentum complements our overall product strategy of extending our value proposition geographically and across asset classes.”

With this new coverage come enhanced market rules and validations to standardize entry of instructions, as all SSI data entered into Omgeo ALERT is now subject to stringent standardized entry. The new validations not only include global standards established by the Securities Markets Practice Group (SMPG), but also standards defined by members of Omgeo’s global investment manager and broker-dealer community. Going forward, all data entered into Omgeo ALERT will align with standards established by SMPG or defined by Omgeo’s client community in the event a standard is not already established by SMPG.