Post-trade specialist Omgeo has teamed up with Eze Software Group, a technology provider, to automate futures and options matching between their platforms.
The firms said the deal will bring greater middle-office efficiencies to the buy-side with straight-through processing and reduced settlement risk.
Omgeo Central Trade Manager and the order management system Eze OMS will be connected by a high performance interface, enabling automated futures and options matching between the two.
The interface will use Omgeo's native XML messaging format and will increase the speed and capacity for trades and trade statuses to be delivered between the platforms.
Buy-side users of Eze OMS and their broker counterparties will be able to match exchange-traded derivatives, fixed income and equity trades in real time. Omgeo also has the ability to process significant volumes of trades required by major hedge funds and large asset managers.
"Our clients increasingly demand fully integrated workflows across their trading and post-trade operations," said Eze OMS's director of product management Chris Corvi.
"Omgeo Central Trade Manager enables us to offer the benefits of Omgeo's central matching solution directly through the Eze OMS, increasing the overall efficiency of their workflows and bringing scalability to the confirmation, allocation and matching processes."
Omego said it was important for firms to ensure their trading systems could keep up with increased trading of futures and options and said efficient systems would help to eliminate unnecessary risk in the process.
As part of the deal, Eze OMS will also connect to Omego OASYS, which offers an allocation and confirmation services for US securities.