Powered by OSTTRA MarkitWire
Built on our trusted MarkitWire platform, with its established network of 2,000+ firms, our solution centralises and streamlines Repo processing.
Introducing standard workflows to create a legally confirmed record which is updated through the trade lifecycle, OSTTRA Trade Processing for Repo gives complete transparency to all counterparties at every step of the workflow.
By quickly highlighting and resolving trade breaks, our solution cuts confirmation time from days to minutes, reducing cost and risk for Repo operations. Coupled with real-time trade affirmation and confirmation, the establishment of a ‘golden’ trade record allows OSTTRA MarkitWire to be a central hub for further post-trade connectivity in the Repo market.
Trades confirmed by OSTTRA MarkitWire can be seamlessly viewed directly in OSTTRA triResolve, driving standardisation of data for reconciliation, bringing improved efficiency, cost reduction and greater transparency between counterparties.
With electronic trade affirmation and pre-agreed legal terms, our solution cuts new trade and lifecycle event confirmation times from days to minutes, helping firms meet CSDR obligations.
Extensive industry engagement and alignment with the established MarkitWire rulebook ensures our solution brings much needed standardisation to Repo processing.
Built on OSTTRA MarkitWire and accessible via OSTTRA Trade Manager, OSTTRA Trade Processing for Repo benefits from an established community of 2,000+ global market participants.
Standardisation of data
Brings operational alignment between OSTTRA MarkitWire and collateral & reconciliation teams using OSTTRA triResolve, with minimal input needed and no additional cost.
The introduction of new regulatory mandates has focussed our customer’s attention on Repo post-trade workflows, which have been slow to evolve. Following broad engagement via our industry working groups, we’re leveraging our established MarkitWire platform and global community of 2,000+ firms to transform the Repo post-trade lifecycle, delivering a real reduction in cost and risk.”
Head of Rates & Credit
Transactions submitted to OSTTRA by venue or dealer via API, user interface or CSV upload for counterparty affirmation
Accepted trades are legally confirmed based on standard terms
Lifecycle events are processed according to an agreed rulebook
Exceptions are clearly highlighted to all parties and resolved directly on the platform
Block & Allocations
Re-rate / Re-price
Agency & Principal
Collateral (GC, Special, Bond, Equity)
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