Omgeo and UnaVista link platforms
The partnership’s offering automatically connects 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.
“This new partnership allows us to combine Omgeo CTM’s buy-side network with UnaVista’s prime broker network, providing one of the largest contract for difference (CFD) communities on the market,” said Mark Husler, global head of product management at LSEG.
“The solution creates a scalable platform for all parties and the flexibility to meet multiple different needs.”
By adopting this joint solution, users can 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.
The service also enables parties to match both legs of the trade on T+0 whilst providing consistency across equities and equity swaps for investment managers.
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Users are able to better control their costs and reduce operational risk through post-trade best practice and exceptions-only workflows, according to the companies.
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