#USA #New York #Market Intelligence #OMeT-i #SwapData AI

OMeT Partners with SwapData AI to Launch OMeT-i Market Intelligence Division

In a strategic move set to reshape the landscape of derivatives trading, OM-eTrading, LLC (known as OMeT), has officially partnered with SwapData AI Solutions, LLC. This collaboration aims to expedite the advancement and commercialization of OMeT's new market intelligence division, dubbed OMeT-i.

Key Leadership Appointment

As part of this partnership, Michael Kirby, the founder and CEO of SwapData AI, assumes a pivotal role as the Senior Managing Director of OMeT-i. His extensive experience in financial technology will be vital in spearheading the development of innovative products and expanding the division’s market footprint.

Strategic Technological Framework

The foundation of OMeT-i will be supported by a perpetual enterprise license granted by SwapData AI for its proprietary software architecture, SwapData.ai. This technology will be seamlessly integrated into OMeT's core systems, laying down a robust, scalable framework to aggregate and normalize data from public Swap Data Repositories (SDRs) across various asset classes and execution venues. The initial commercial rollout will focus on the Latin American (LATAM) swap markets, with plans to extend globally.

Vinayek Singh, CEO of OMeT, remarked, "The launch of OMeT-i represents a significant evolution in our operations, enhancing our capabilities from simple trade execution to offering in-depth market intelligence. Historically, the OTC derivatives markets have suffered from significant fragmentation, and this partnership aims to address that challenge."

Addressing Data Challenges in OTC Markets

One of the longstanding issues within the OTC space has been the accessibility and usability of outdated and disparate datasets. Michael Kirby elaborated on the partnership's vision: "By merging the data aggregation strengths of SwapData.ai with OMeT's order flow analytics, we are developing a cohesive intelligence ecosystem that offers unmatched transparency to institutional market participants. This transformation will empower them with real-time analytics that enhance their trading precision."

Transitioning Products for Seamless Use

As OMeT-i transitions to the new infrastructure, the standalone SwapData.ai web application will gradually be phased out. During this transitional phase, market participants can access the platform through a trial program, allowing them to provide feedback that will inform future enhancements.

The long-term product roadmap for OMeT-i includes:

• - Enterprise-grade market data subscription services and robust API integrations.
• - Institutional analytics suites, customized yield curves, and bespoke datasets.
• - Strategic partnerships to bolster distribution across institutional vendor channels.

About OMeT and SwapData AI

OMeT specializes in creating a robust market structure for cleared swaps, integrating rules-based and anonymous execution with market analytics in one cohesive platform. SwapData AI excels in developing financial technologies aimed at optimizing and structuring complex datasets relevant to OTC derivatives.

For professionals in the derivatives market, this partnership signifies an important step towards a more integrated and insightful trading environment. As OMeT-i gears up for its official launch, anticipation builds for how this new data-driven approach will redefine market strategies and institutional trading efficacy.

For more information about OMeT, visit www.om-etrading.com.

Stay tuned for further updates as OMeT-i embarks on this exciting journey to enhance the efficiency and transparency of derivatives trading globally.