\ STPaaS

 

Straight-Through Processing as a Service (STPaaS)

Streamline your multi-asset post-trade workflows with our cloud-based connectivity, processing and automation engine.

 

OSTTRA delivers a fully hosted, cloud-based Straight-Through Processing as a Service (STPaaS) network. It is designed to reduce upstream technical complexity, streamline inbound data, and remove the traditional cost overhead of post-trade engineering through a “build-once, configure-instead-of-code” philosophy.

 

OSTTRA STPaaS captures trade notifications directly from venues across asset classes, seamlessly translating, consolidating and routing trade data to middle and back-office systems.

 

Despite significant advances in common data standards and software solutions, post-trade connectivity within global financial markets remains more complex, expensive, and risk-laden than ever before. Key operational challenges currently driving the industry demand for hosted, multi-asset solutions include:

 

  • Market Fragmentation & Silos: Managing 30-60 disparate venue feeds duplicates architectural costs across different asset classes.
  • Costly Integration & Constant Change: Adapting to ongoing regulatory or system updates while building complex booking rules directly into risk systems is slow and expensive.
  • Downstream Complexity: High technical burdens create continuous friction in downstream lifecycle processes like clearing, compression, and reporting.

OSTTRA STPaaS Workflow

 

OSTTRA STPaaS Diagram

 

Benefits

Accelerated Time to Market

Connects quickly using pre-integrated venue feeds and self-service admin tools that give you full control over trade configuration and routing. Our dedicated connectivity team handles all background integrations and network expansion so you stay ahead. Offers pre-integrated, seamless compatibility with leading third-party trading and risk platforms.

Optimised Operational Performance

Engineered for improved cacheability and high-volume throughput. Centralises control via a single UI, providing granular visibility, end-to-end auditability, and complete transparency into message processing, filtering, and data transformations.

Reduced Total Cost of Ownership (TCO)

Replaces multiple bespoke, internal venue connectivity nodes and asset silos with a single managed vendor feed, significantly mitigating infrastructure costs.

How it works

Product Coverage

Multi-Asset Connectivity

Pre-built plug-and-play feed handlers for over 100+ sources covering seven major asset classes:

  • Commodities
  • Credit
  • Equities
  • Fixed Income
  • FX
  • Money Market
  • Rates (Supported sources include trading platforms, ECNs, aggregators, and single-bank portals)

Key Technical Features & Architecture

  • Flexible Rules & Processing: An intuitive, low-code GUI allows users to manage complex data enrichment, currency mapping, splitting cross-trades/strategies, trade morphing, netting, and volume aggregation without hardcoding risk system changes.
  • Single Interface with Multi-Asset Tabs: A powerful web interface featuring real-time multi-asset blotters, customisable dashboards, and complete historical audit trails to streamline compliance and trade investigation.
  • Enterprise Architecture: A stateless, highly scalable AWS cloud infrastructure featuring native cross-region disaster recovery, ensuring high resiliency and data-residency compliance.
  • Real-Time Reconciliation & Validation: Automatically reconciles deal tickets between liquidity providers, aggregators, and risk systems. Instantly flags missing trades, protects position accuracy, and eliminates trade feed errors.
  • Searchable Archive: Replaces high-cost, legacy third-party trade tracking systems with a centralised, cloud-based trade store. Provides full free-text search and audit trails across all execution channels for trade investigation and compliance.

Whether your firm is navigating a major risk system migration, managing fragmented trading platforms, or looking to retire on-premise infrastructure, OSTTRA STPaaS works for you. It enables your firm to simplify complex system upgrades, consolidate multiple connectivity endpoints into a single unified feed, and shift seamlessly to an agile, cost-effective cloud model.

Proven Industry Use Cases

Complex Trade Booking Consolidation (Large Regional Bank)
  • The Challenge: The bank was maintaining expensive post-trade links spanning 23 external sources, 7 asset classes, and 30 instruments, with custom enrichment and logic managed directly in their risk system.
  • The Solution & Benefit: OSTTRA replaced the entire legacy setup with a managed STP service, shifting the data enrichment and back-to-back creation to the cloud. This delivered bidirectional integration via MQ, reducing TCO, and benefitting both the client and the risk system provider.
Multi-Entity Global Trade Routing (International Bank)
  • The Challenge: Executions from over 30 venues required dynamic routing into 17 distinct instances of 3 separate risk systems based on geographic location and fluid “follow-the-sun” book hours.
  • The Solution & Benefit: Over a long-term partnership, OSTTRA deployed complex, highly configurable routing rules to split and direct trades seamlessly. This successfully insulated the bank’s multi-year Murex 3.0 migration from external connectivity disruptions.

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