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Omgeo partners with LSE's Unavista for matching synthetic equity swaps

First Published 23rd July 2014

Omgeo and UnaVista connection facilitates tri-party matching by combining workflows.

Tim Keady, MD, Sales and Solutions Delivery, Omgeo, & Chief Client Officer, DTCC

Tim Keady, MD, Sales and Solutions Delivery, Omgeo, & Chief Client Officer, DTCC

"We listen attentively to our clients, striving to deliver best-in-class solutions to help them better respond to the evolving market environment."

Omgeo has announced a partnership with London Stock Exchange Group's (LSEG) UnaVista to support tri-party matching of synthetic equity swaps between executing brokers, prime brokers and investment managers.

The offering links UnaVista, a hosted platform for all matching, validation and reconciliation needs, with Omgeo Central Trade Manager, Omgeo's strategic platform for the central matching of cross-border and domestic equity, fixed income, repos, exchange traded derivative and equity swaps transactions.

The Omgeo CTM/UnaVista solution combines the respective workflows of the two platforms, automatically connecting investment managers on Omgeo CTM with their prime broker counterparties on UnaVista to match the economic details of the swap, and to communicate and match allocation breakdowns.

Mark Husler, Global Head of Product Management at LSEG, commented, "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. The solution creates a scalable platform for all parties and the flexibility to meet multiple different needs."

"We listen attentively to our clients, striving to deliver best-in-class solutions to help them better respond to the evolving market environment", noted Tim Keady, Managing Director of Sales and Solutions Delivery for Omgeo and Chief Client Officer at DTCC. "This new partnership between Omgeo and UnaVista brings greater transparency and simplicity to the tri-party matching process, allowing users to instantly access multiple prime brokers globally."

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