LSEG’s UnaVista and NetOTC partner to offer new derivatives trade monitoring and matching platform

  • First clearable derivatives risk model of its kind
  • UnaVista’s platform offers range of methods for inputting data
  • Service expected to be available from spring 2014

London Stock Exchange Group today announces that UnaVista has partnered with NetOTC to provide a new service that will enable firms to monitor and match derivative transactions prior to novation and settlement.

The hosted solution provided by UnaVista will provide NetOTC customers with a platform to upload their derivatives transactions. The trades will be processed through a daily workflow mechanism, matching trades and exposures between NetOTC and its clients. The multi-layer reconciliation functionality will use NetOTC’s new proprietary risk model to distribute items for novation, which, in turn will benefit from net margining and settlement.

Mark Husler, Global Head of Product Management, Information Services, LSEG said:

“We are very pleased NetOTC has chosen LSEG’s UnaVista to provide their trade uploading, reconciliation and exception management software solution. We are always striving to partner with key market players to offer our customers market leading innovative solutions. Leveraging our established connections to banks with NetOTC’s pioneering approach makes this collaboration very exciting.”

Bob Wigley Chairman of NetOTC said:

“We are delighted to be partnering with London Stock Exchange Group to offer this unique service. UnaVista’s agile and adaptable technology combined with their ability to be quick to market makes it the perfect software for our unique risk model.”

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Media:

Ed Clark - +44(0)20 7797 1222
newsroom@lseg.com

Notes to editors:

About UnaVista:

UnaVista is London Stock Exchange Group’s, multi-award winning matching and reconciliation engine. It provides a range of services designed to help firms reduce their regulatory and operational risk. Services include regulatory solutions such as EMIR trade repository; MiFID approved reporting mechanism, and AIFMD. Trade confirmation matching, reconciliation and data solutions such as LEI allocation and lookup are also available.

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 30 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: www.lseg.com