Delivering transparency, standardisation and enhanced connectivity to optimise the ETD post-trade lifecycle

CHICAGO, November 20, 2024 – OSTTRA, the global post-trade solutions provider, today announced a strategic collaboration with FIS® (NYSE: FIS) aimed at bringing new transparency to the exchange-traded derivatives (ETD) post-trade lifecycle.

Through the partnership, the OSTTRA network of investment management clients will benefit from receiving a real time clearing status from 70+ global CCPs via FIS Connections, offering unparalleled transparency into the finality of give-ups and improved exception management capabilities. Meanwhile, FIS will provide the broker network with enhanced operational efficiency via straight-through processing of allocation instructions enriched with OSTTRA order IDs directly into the FIS Cleared Derivatives solution, allowing for increased automation and accuracy in middle office give-up/give-in processing.

Through this collaboration, the two firms will provide rich data insights, enabling market participants to meet the FIA’s Derivatives Market Institute for Standards (DMIST) 30-30-30 standards for the timeliness of allocations and give-ups in the ETD market. This builds on OSTTRA’s pioneering work with DMIST to improve standardisation of ETD post-trade processing.

“This collaboration underscores the commitment of both firms to drive innovation that brings value to all parties of an ETD trade” said Joanna Davies, Managing Director, Head of Trade Processing, OSTTRA. “Together with FIS, we are shaping the future of listed derivatives trade processing, providing new levels of transparency across the ETD post-trade lifecycle.”

Andres Choussy, EVP Group President, FIS Trading and Asset Services, said: “At FIS, we’re delighted to collaborate with OSTTRA to help create an extensive network across buy-side and sell-side participants to optimise the exchange-traded derivatives (ETD) post-trade lifecycle. This collaboration is another proof point of our commitment to unlock capital markets technology to the world and sets a new standard for better collaboration and transparency.”

If you’d like more information on the work OSTTRA is undertaking with the industry to achieve efficiencies in ETD trade processing, please contact us.