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Same Day Affirmation Could Save Europe Up to €400m, Says Omgeo and Oxera

At 30 Jun 2008 06:32:49 in A-Team Free, Delivery Terms, MM-Industry Issues, MiFIDMonitor.com    Print Article  Email Article   Full content is free with registration 

The automated same day affirmation (SDA) of trades could save European financial institutions between €100 million and €400 million, according to a study by economics consultancy Oxera and post-execution trade management solutions provider Omgeo. These savings could be realised as a result of a reduction in operational costs and costs related to trade failures.



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