OSTTRA ClientLink for ETDs – New User Interface

Through the rest of 2025, we are rolling out our refreshed ClientLink UI, starting with the Clearing Broker matching screens which are available now. Our new interface has been redesigned for clarity and ease of use. For example, you can now find:

• A new graphical overview displaying counterparty risk
• Flexible and dynamic trade grouping for enhanced break resolution
• New customisation and configurability options for the generation of reports

The below screenshots illustrate the new design – please contact your account manager to arrange a full overview of the new features and to enable access for your team.

Our ETD matching logic enables real-time reconciliation by incorporating the full scope of fees and commissions – a primary source of trade breaks. By automating the matching of broker data against your internal calculations, ClientLink significantly reduces the manual effort required from your operations team.

This screenshot shows an example of a break on full-service commission:

How It Works:

• Comprehensive Cost Matching: ClientLink normalises all trade data from your clearing brokers, allowing you to reconcile specific fees for execution, clearing, and full service. This provides a complete and accurate overview of your costs.
• Proactive Data Sourcing: If a broker fails to provide fee or commission details, our team will proactively contact them to source the missing data needed for a complete reconciliation.

Spotlight on Order IDs: Ensuring seamless trade matching, accurate allocations, timely give-ups and clearing transparency

Since OSTTRA introduced the option to persist Order IDs through the post-trade workflow, we’ve seen our users benefit from significant efficiency gains. In fact, one client saw a 15% increase in the number of trades matching within 30 minutes or less after Order ID matching had been enabled with their top execution broker.

The Order ID is generated by the client’s OMS/EMS and serves as a mutually held reference for both client and broker for the specific order in question. The benefits of persisting Order IDs onto allocations for matching against broker executed fills include:

1. Enhanced accuracy: allocations and fills have a direct linkage, preventing potential inaccuracies due to financials-only based matching, and complications from co-mingling across different clients/portfolios.
2. Post-trade efficiency and STP: the creation of automated processes is supported by the persistence of the Order ID, allowing quick identification of the exact fills to allocate, reducing manual intervention and human error. This provides a clear audit trail when exceptions do occur.

Order ID Matching Considerations
To realise the benefits of order ID matching and streamline your post-trade processes, consider these points:

1. Platform Integration: If trading on an EMS, confirm that your OMS can consume the EMS Order ID on trade fills, so that the ID can be persisted downstream onto allocations. If you utilise multiple platforms, understanding their individual configurations will be key.
2. File/Messaging Integration: The Order ID must be added to your allocation message in order to be available for matching. The OSTTRA solution design team can guide you through the implementation process.
3. Voice Trade Considerations: While a common ID often is not available for voice trades, our system intelligently defaults to standard financial matching logic for these executions, ensuring comprehensive coverage.

For more information, please contact your account manager, who can provide guidance on the implementation process.

OSTTRA Support for US Listed Options

Streamline Your US Listed Options (USLOs) Post-Trade Processing

There has been significant growth in exchange listed US equity option contracts since 2019, largely driven by retail investors and increased access by foreign investors, as well as the recent surge in “0DTE” contract trading. The unique structure of the US options market results in operational challenges for FCMs and prime brokers, where clients often trade with multiple brokers despite using a single clearing firm – this creates complexities in data reconciliation and payment management. Our solution directly addresses these challenges, reducing the need for manual processes and minimising errors.

We have built a large network of 65 executing firms to enable real-time trade matching, as well as having nine major clearers on the Options Clearing Corporation (OCC) for trade affirmations, allocations and give-ups. This means OSTTRA can offer full support for all OCC cleared options, including flex options.

OSTTRA’s ClientLink for ETDs, purpose-built for listed derivatives, streamlines USLO trade booking, reconciling trade economics and brokerage payments across a multitude of counterparties and venues. It provides investment managers and brokers with a consolidated, centralised, and real-time platform for post-trade matching and risk management.

Onboarding your USLOs is a straightforward process with OSTTRA – they can be added to existing trade files or messaging. Contact your account manager or email HXAadoption@osttra.com today to find out more. The screenshot below shows how our ClientLink platform helps make USLO post-trade processing simple:

Learn more

Curious to learn more about Order ID matching, our fees and commissions capabilities, or our support for US Listed Options? Your OSTTRA account manager is your point of contact for personalised guidance and information.

➜ Contact your account manager