A network for sending and receiving notifications of execution between venues and counterparties for trade booking and onward processing.
Prevent trade fails that could lead to penalties under the Central Securities Depository Discipline Regime (CSDR)
Real time limit checking, delivering pre and post-trade certainty for OTC cleared trading activity.
XVA risk calculations across credit, debt, funding, margin, capital and collateral for bilateral OTC derivatives.
Calculate and manage collateral requirements via our cross-product workflow. Full automation ensures high levels of STP & connectivity, allowing you to adopt an exceptions-based approach.
Multilateral, proactive portfolio reconciliation with streamlined exception management to resolve collateral disputes and differences, meeting regulatory requirements in a single platform. Reconciles bilateral, cleared, internal and exchange-traded products including collateral balances and all global repositories.
Central to connecting thousands of counterparties worldwide. Pivotal in processing millions of trades every day. And critical to optimising and reconciling FX portfolios.
The financial markets have been on an incredible journey of transformation. Legacy benchmark rates, commonly referred to as the IBORs (Interbank Offer Rates), are being replaced with new alternative transaction-based benchmark interest rates in the majority of regions across the globe.
Interest Rate Derivatives
Critical to confirming and processing Interest Rate Derivatives. Pivotal to optimising trillions in notional outstanding. And instrumental in reconciling and reducing risk across global portfolios.
Our credit management services increase efficiency and reduce risk.
Reduce operational risk and cost by lowering gross notional and eliminating line items.
Post-Trade Risk Reduction Services
Our portfolio optimisation services help firms reduce a range operational, counterparty and basis risks in portfolios, while keeping overall market exposure unchanged.
Counterparty Risk Optimisation
Optimise counterparty risk exposures and reduce the cost of funding IM and Capital requirements, while mitigating systemic risk. A multi-target solution for maximum efficiency.
Interest Rate Benchmark Cessation Playbook
Trade Lifecycle Processing
Our processing services sit at the heart of the post-trade lifecycle across OTC and exchange traded derivative markets, standardising and automating workflows across asset classes.
Give Up Messaging
Our global network is essential to efficient triparty trading workflows, providing a single connection to give up trades in multiple asset classes across all prime and clearing broker relationships.
Critical to processing 99% of all bilateral Credit Derivatives traded worldwide. Pivotal to optimising CDS exposures. And instrumental in reconciling and reducing risk across institutional portfolios.
Netting & Aggregation
Net or aggregate high volumes of lower value trades to reduce processing and settlement cost and complexity.
Initial Margin Compliance
Easily calculate your inputs, manage your margin calls and resolve your disputes with one simple trade file.
Initial Margin Analytics
Simplify compliance to initial margin requirements with SIMM™ sensitivity calculations, IM analytics and IM backtesting from our easy-to-use, cost-effective service.
Our network brings the Repo community together to automate post-trade workflows and reconciliations.
Match and affirm cashflows across all asset classes and counterparties, reducing manual processing and resolving breaks ahead of settlement.
Basis Risk Optimisation
Sophisticated and bespoke risk mitigation solutions powered by OSTTRA Reset, the most advanced matching engine on the market.
Exchange Traded Derivatives
Intrinsic to simplifying and standardising Exchange Traded Derivatives processing – post-trade. Key to driving efficiencies and transparency between counterparties. And essential to optimising capital allocation and collateral management.
A low touch, cross-asset class optimisation service targeting multiple risk measures simultaneously.
Fundamental to standardising Equity Swaps, Options and Synthetic Equity post-trade workflows. Pivotal to establishing transparency between counterparties. And essential to mitigating risk in settlement and counterparty credit.
From trade notifications to portfolio reconciliation and optimisation, our network brings the Cash Equities community together to automate post trade.
From notifications to portfolio reconciliation, our network brings the Commodities community together to automate post-trade workflows.
Initial Margin Monitoring
Is your firm in scope for UMR, but not expected to exceed the regulatory threshold for initial margin (IM) exchange until a much later date – if ever? If so, IM monitoring is a simplified option that can help you achieve regulatory compliance.
Our network connects counterparties to automate Bond trade processing and reconciliation.
Our latest Insights on everything post-trade.
Connecting OTC crypto trading to established institutional post-trade workflows, giving full transparency and control.
Firms Seek Optimisation Gains as UMR and SA-CCR Bite
Multilateral Backloading for OTC IRS
Opposing Enron Effect on Energy Trading Puts Credit Risk Under the Spotlight
Conversion of non-cleared cross-currency swaps
OSTTRA Awarded ‘Post-Trade ETD Provider of the Year’ at the FinanceFeeds Awards
XVA at the Forefront: Addressing Key Financial Challenges
Dai Yamashita, Quantitative Analyst at OSTTRA guides us through the dynamic landscape of XVA, focusing on key themes that currently resonate within our customer base.
ICE Clear Europe Credit Clearing Closure Reaches 85% Completion Mark for Open Interest Transferred, with OSTTRA Moving $330 Billion So Far
OSTTRA Launches New Service for Cross-Currency Swap (CCS) Conversion From LIBOR to Risk-Free Rates
IBOR Reform: USD LIBOR Deadline, Less Than a Month to Go…
Brexit Impact on Trading Location: Global OTC IRS Markets – Q1 2023 Review
Compression & Optimisation Update – Issue 1 2023
OSTTRA transfers $190 billion of open interest to support the ICE Clear Europe credit clearing closure
IBOR reform: USD LIBOR deadline, the big one approaches…
Our client, who manages rates volatility and the bank’s XVA book from within the Fixed income desk, required fast and efficient calculations in order...
OSTTRA and FIA’s DMIST Partner with Key Industry Participants to Establish ETD Post-trade Data Standards
OSTTRA Capital Optimisation – Now with SwapAgent
Combined 24hr FX Optimisation and Compression cycles
2022 USD LIBOR Benchmark Conversion in Review
Managing CCR to reduce the all-in cost of OTC derivatives portfolios
SWIFT automation for Collateral Managers
2023 Outlook for Collateral Managers
OSTTRA to provide real-time visibility of Eurex exchange-traded derivative trade status
Compression & Optimisation Update – Q4 2022
This year has brought sweeping changes to the derivatives marketplace and our innovative solutions continue to help market participants simplify complexities and optimise resources by lowering bank capital requirements and optimising counterparty exposure management.
Compression service by OSTTRA unlocks additional compression potential for G-SIBs
AsiaRisk Portfolio optimisation solution of the year – OSTTRA
USD LIBOR Cessation: 2021 Blueprint Paves the Way but Requires Action Now
Validation of production data ahead of CCP conversion event dress rehearsals
CCP technical testing in preparation for CCP transition events
TriOptima combines credit optimisation with compression to deliver major capital and initial margin funding benefits for banks
Novation and backloading of 70,000 trades for G15 bank restructure
Trade novation to support Asset Manager merger
OSTTRA Expands Cash PB Matching Service to Clear OTC Equities in Readiness for CSDR
IBOR reform: LIBOR deadline approaches, flash update on progress in Q4
Traiana Equity LimitHub service launched with BNP Paribas Securities Services to extend clearing of European OTC equities in support of CSDR
Osaka Exchange to compress index options powered by OSTTRA TriOptima
OSTTRA TriOptima launches credit optimisation service allowing banks to reduce cleared risk
Collateral automation – if not now, when?
OSTTRA’s TriOptima launches trade refactoring solution to support notional reduction drive
TriOptima wins LIBOR Solution of the Year award at Asia Risk Awards 2021
IBOR reform: Q3 2021 review – SORA, SARON, TONA and SOFR are the big movers…
Best FX compression & optimization service – FX Markets e-FX Awards 2021
Collaboration is King at FIA IDX 2021
Optimising Your Business Under the SA-CCR
IBOR reform: Global IBOR transition – Q2 2021 review
Brexit impact on trading location: Global OTC IRS markets – Q2 2021 review
CME Group and IHS Markit Complete Joint Venture and Launch OSTTRA, a New Post-Trade Services Company
Automated margin (VM & IM) solution for Dealer Bank
FX Credit risk – The solution is simple if everyone is on the same page
Solving the Domino Effect of Delayed Trade Allocations
Centralising the reconciliation process for a US Corporate
Time to act – Smart transitions to UMR compliance
Intelligent automation speeds up client onboarding to OSTTRA Designation Notice Manager
The Great Balancing Act: A Discussion about the Interplay Between UMR and SA-CCR
Over the last decade, global regulators have introduced several measures in the OTC derivatives market designed to increase financial market resiliency and mitigate counterparty credit risk – mandatory clearing, reconciliation and reporting, and uncleared margin rules, to name a few examples. The goal of these measures is to reduce counterparty risk, increase marketplace transparency, and prevent contagion.
Mitigating the challenges of index cessation fallbacks and conversion
FX PB credit: High time for the industry to come together
It’s Not All About SIMM vs. SCHEDULE!
Why digitisation of legal agreements is the key to unlocking the challenges of FX credit
FX Credit – Central Utility Model
SA-CCR changes the game, but will it change how you play it?
UMR: Time is of the essence when it comes to FX data and analytics
Delivering Certainty in Uncertain Times
2021: Brexit, no equivalence and the day of the SEF
CME Group and IHS Markit to Form Leading Post-Trade Services Joint Venture for OTC Markets
Best compression/optimisation service for FX at FX Markets e-FX awards 2020
Harnessing the benefits of more automated FX trade lifecycle operations
Automated margin (VM & IM) solution for Asset Manager