UnaVista partners with Omgeo to boost matching of synthetic equity swaps

  • Connection facilitates tri-party matching
  • Allows customers to access multiple prime brokers globally
  • Solution creates scalable and flexible platform

London Stock Exchange Group’s UnaVista and Omgeo, the post-trade solutions provider, today announced a partnership to support tri-party matching of synthetic equity swaps between executing brokers, prime brokers and investment managers. The new offering links UnaVista, LSEG’s global hosted platform for matching, validation and reconciliation, with Omgeo Central Trade Manager (Omgeo CTM), 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 and UnaVista solution combines the respective workflows of the two platforms, automatically connecting investment managers on Omgeo CTM with the prime broker counterparties on UnaVista, to match details of the swap and communicate any match allocation breakdown. Executing Brokers can now also give-up trades to their prime broker via either Omgeo CTM or UnaVista and receive positive affirmation through either system.

By adopting this joint solution, users ensure the terms of equity swap deals are clear to all parties to the trade, while adding scalability to the synthetic equity swaps confirmation, allocation and matching processes. Users are able to better control their costs while reducing operational risk through post-trade best practice and exceptions-only workflows. The service also enables parties to match both legs of the trade on T+0, whilst providing additional consistency across equities and equity swaps for the investment managers.

Mark Husler, Global Head of Product Management at LSEG, said:

“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.”

Tim Keady, Managing Director of Sales and Solutions Delivery at Omgeo and Chief Client Officer at DTCC, said:

“We listen attentively to our clients, striving to deliver best-in-class solutions to help them better respond to the evolving market environment. 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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For further information:

Media
Ed Clark
Mark Benhard +44 (0)20 7797 1222
+1 212 314 1199
newsroom@lseg.com

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 40 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people. Further information on London Stock Exchange Group can be found at: http://www.lseg.com/.