Omgeo, a provider of institutional post-trade services, has partnered with the London Stock Exchange Group (LSEG) to connect the LSEG’s UnaVista service with Omgeo’s Central Trade Manager (CTM), a move that will support tri-party matching of synthetic equity swaps among executing brokers, prime brokers and investment managers, according to an Omgeo statement.
UnaVista is a global hosted platform for matching, validation and reconciliation, while Omgeo’s CTM is a platform for the central matching of cross-border and domestic equity, fixed income, repos, exchange traded derivatives and equity swaps transactions.
The new Omgeo CTM/UnaVista solution will automatically connect investment managers on Omgeo CTM with their prime broker counterparties on UnaVista to communicate, match the economic details of the swap and match allocation breakdowns, according to the statement.
“This new partnership allows us to combine Omgeo’s buy-side network with UnaVista’s prime broker network, providing one of the largest CFD communities on the market,” says Mark Husler, global head of product management at LSEG, in a written statement. “The solution creates a scalable platform for all parties and the flexibility to meet multiple different needs.
The combined services currently support any swap with an equity underlier and the matching of the give-up trade between the executing broker and the prime broker. It will also allow investment managers to monitor the status of give-up trades and to view all of their transactions within the Omgeo CTM environment, according to the statement.
Need a Reprint?
Leave a Reply