Omgeo, the US-based trade management services provider, has recorded a 20% increase in the number of daily trades processed on its systems in 2002, leading to a returned dividend of $20m (€19.2m) to its parent companies, Depository Trust & Clearing Corporation and Thomson Financial.
During the year more than 730 new client contracts were signed, including Royal London Asset Management and Deutsche Bank Global Fund Services, which became the first live clients on Omgeo's cross-border central matching service, Central Trade Manager (CTM).