Swan Wealth Advisors adopts Omex execution platform

Source: Omex Systems

OMEX Systems LLC, the provider of broker-neutral DMA and OEMS technology for firms active in the equities, options and futures markets, announced that a customized version of the vendor's OEMS platform has been implemented by Durango, CO-based Swan Wealth Advisors, the $850mil AUM risk management firm specializing in proprietary, market neutral hedging and income strategies for use by the professional investment advisor community.

The OMEX trade execution platform will serve as Swan's primary hub for implementing and administering the firm's options-centric strategies across multiple custodians and thousands of sub accounts.

In framing the solution that OMEX provided to its most recent buy-side onboard, Robert Swan, Director of Trading and Technology for 16-year old Swan Wealth Advisors stated, "Like other managers with similar profiles, we've had to bear a myriad of logistical burdens when implementing strategies in tandem across a universe of accounts domiciled at multiple custodians, with each custodian imposing different order delivery instructions for its captive clients. OMEX proved uniquely intuitive in understanding our business and delivered a solution that has streamlined our workflow in a manner that had yet been available at any price from any other vendor in the industry."

Noted OMEX Systems' Chief Operating Officer John Houlahan, "The steps required for electronic messaging pro-rata orders across various captive-custodians on behalf of respective RIA clients' sub-accounts has always proved cumbersome, particularly in the options arena. The folks at Swan inspired us to innovate with an approach that solves a critical business need, and one that should prove intriguing to those seeking the latest advancements in trading system technologies." 

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