SwapData AI Founder Michael Kirby Appointed Senior Managing Director of OMeT-i as Strategic Licensing Agreement Establishes Foundation for Advanced Derivatives Data Analytics
NEW YORK, Sept. 22, 2026 /PRNewswire/ — OM-eTrading, LLC (“OMeT“), an institutional electronic execution platform for over-the-counter (OTC) interest rate swaps, and SwapData AI Solutions, LLC (“SwapData AI”) today announced a strategic agreement to accelerate the technical development, commercialization, and institutional deployment of OMeT‘s dedicated market data intelligence division, OMeT-i.
Under the terms of the agreement, Michael Kirby, Founder and Chief Executive Officer of SwapData AI, has been appointed Senior Managing Director of OMeT-i. In this capacity, Mr. Kirby will oversee product architecture, commercial licensing operations, and strategic market expansion for the division.
Strategic Software Integration and Data Architecture
To anchor OMeT-i‘s technical infrastructure, SwapData AI has granted OMeT-i a perpetual enterprise license to its proprietary SwapData.ai software architecture. The platform will be fully migrated into OMeT‘s core environment, providing a scalable foundation designed to aggregate, normalize, and process public Swap Data Repository (SDR) feeds across multiple asset classes and execution venues. The initial commercial rollout of the integrated platform will focus on Latin American (LATAM) swap markets before expanding across broader global OTC derivative markets.
“The launch of OMeT-i marks a significant operational evolution, expanding our core institutional capabilities from trade execution to comprehensive market intelligence,” said Vinayek Singh, Chief Executive Officer of OMeT. “Historically, OTC derivatives markets have suffered from systemic structural fragmentation. By combining SwapData.ai’s public data aggregation technology with OMeT‘s proprietary order flow analytics, we are delivering an integrated market intelligence ecosystem that provides institutional market participants with unprecedented transparency.”
“Integrating SwapData.ai’s data collection infrastructure with OMeT‘s execution venue addresses a long-standing structural challenge within the OTC space,” added Michael Kirby, Senior Managing Director of OMeT-i. “Our objective is to transform disparate, unwieldy SDR datasets into real-time, actionable analytics that empower institutional market participants to execute with greater precision.”
Product Roadmap and Platform Transition
Following the seamless technical migration into the OMeT-i infrastructure, the legacy, standalone SwapData.ai web application will be sunsetted. During the interim transition period, market participants may access the SwapData.ai platform through a trial program to provide user feedback that will inform future platform enhancements.
The long-term OMeT-i product development roadmap encompasses:
- Enterprise-grade market data subscription services and high-throughput API integrations
- Institutional analytics suites, customized yield curves, and proprietary derived datasets
- Strategic distribution partnerships across institutional vendor channels
About OMeT
OM e-Trading, LLC (“OMeT”) is a market structure for cleared swaps. OMeT integrates rules-based, anonymous execution with market analytics within a single architecture, converting execution telemetry into structured market intelligence.
Visit www.om-etrading.com/
About SwapData AI Solutions, LLC
SwapData AI Solutions, LLC develops financial technology solutions designed to ingest, process, and structure complex OTC derivatives datasets, including publicly reported Swap Data Repository feeds.
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SOURCE OM-eTrading
