About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

EMS Functionality, Increased Footprint are Key Drivers in Mantara’s Acquisition of UNX

Subscribe to our newsletter

Customer requests for increased desktop functionality, as well as the opportunity to increase the footprint for its pre-trade risk and connectivity services, were key drivers for Mantara’s acquisition of UNX, says president and CEO Michael Chin.

UNX’s installed base for its Catalyst EMS offers Mantara a “valuable desktop presence” says Chin, providing a ready platform for more widely deploying its own Navigator risk control desktop software. In addition, Catalyst provides functionality that Mantara’s customers were requesting be built into Navigator, such as the ability to add, amend and cancel trades manually.

Chin says that the open design approach – leveraging Microsoft’s .Net platform – adopted for Catalyst will make it straightforward to integrate Navigator with Catalyst. In addition, Chin is open to having functionality from other EMS vendors also integrate with Catalyst – via its Marketplace plug-in design – to provide more complete functionality where customers request it. He views Catalyst as a platform for integration, not necessarily as an EMS offering that is everything to everybody.

While Mantara was looking to build additional functionality into Navigator, it was not actively looking to make any acquisition to achieve it, Chin says. Conveniently, it received an approach from Broadhaven Capital Partners, acting for UNX, which was exploring strategic directions. UNX’s broker/dealer business is not part of the acquisition, and Mantara will remain broker neutral.

Chin declines to say how much Mantara paid for UNX, but says the deal was part cash, part equity. He expects cost savings from absorbing UNX’s infrastructure. All of UNX’s employees – which Chin says are mostly highly qualified engineers and developers – are expected to join Mantara.

The combination of Catalyst with Mantara’s Expressway pre-trade risk, market data and connectivity adds a low-latency element to the EMS, Chin Says, suggesting that this is a general market direction of combining speed with value-added functionality.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Opportunities of new approaches to electronic trading

Challenged by legacy systems, less than ideal workflows and high costs, front-office trading teams lack the ability to adapt to clients’ evolving needs around integration, speed and multi-asset capabilities. They are also challenged by a capital markets environment characterised by legacy systems, shrinking margins and increased regulatory scrutiny. While these problems cause considerable friction in...

BLOG

A-Team’s TradingTech Summit Returns with Focus on Trading Infrastructure, Digital Assets and ESG

A-Team Group’s TradingTech Summit London saw a welcome return to the physical world this week, following last year’s break due to the Covid-induced lockdown. The event was well-attended, with representatives from across the industry gathering to discuss the latest trends and developments in trading technology, with specific emphasis on infrastructure and institutional participation in digital...

EVENT

RegTech Summit London (Redirected)

Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Global LEI System – A Solution for Entity Data?

The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and...