\ For Equity Derivatives
The home of MarkitServ, Traiana, TriOptima & Reset
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.
Connecting the Equity Derivatives trading community via our global network of counterparties, clearing houses and trade repositories.
Mitigating settlement risk with centralised limit checking for the management of OTC equity flows for clearing.
Processing Equity Derivatives trades across global markets, automating confirmations, allocations and clearing for all counterparties.
Reconciling, validating and aligning portfolios across more than 2,000 counterparties.
Analysing risk, margin and valuation metrics with more than 10 trillion calculations per second.
Optimising collateral and counterparty credit risk across Equity Derivative portfolios.
OSTTRA ClientLink processes millions of tri-party allocation, confirmation and give up messages per month, matching and clearing synthetic equity trades.
OSTTRA MarkitWire connects hundreds of market participants to provide full legal confirmation and processing of Equity Swaps, based on ISDA and bespoke MCAs, from broker submission through all lifecycle events, including trade reporting.
OSTTRA TriResolve and OSTTRA TriBalance, our reconciliation and rebalancing services, ensure Equity Derivative portfolios are accurate and effectively managed to optimise exposures and collateral requirements.
Manage trade notifications via our unparalleled network. A single connection enables sourcing of execution notices from hundreds of venues or publishing to thousands of clients. Powerful data transformation enables seamless integration with downstream systems, automating the trade booking process.
Give Up Messaging
Notify Prime Brokers of trades and allocations via a single, consolidated interface to our network that underpins the Equity Swap community, ensuring efficient communication of trade details and status throughout the give up process.
Document, manage and monitor limits for clearing workflows via a GCM in real time, using our integrated suite of credit risk management services.
Trade Matching and Confirmation
Match counterparty trade details to enable multiple workflows from allocations to blocks, electronic legal confirmation to give ups, settlment netting to clearing.
Ensure accurate booking of fund and account level trading activity with comprehensive allocation processing and break management – either on a bilateral basis or via give ups to multiple Prime Brokers.
Manage the clearing workflow with interoperable CCPs across multiple European jurisdictions via our centralised platform at both block and allocation level for swap dealer-to-broker, swap dealer to swap dealer and broker to broker activity.
Report Equity Derivatives directly to trade repositories for a number of global regulatory reporting regimes.
Netting & Aggregation
Reduce settlement risk by netting counterparty cash flows.
Exchange and match swap cashflows in real-time via our centralised hub to automate status messaging and streamline the settlement process.
Automate equity swap portfolio reconciliations across multiple counterparties for enhanced daily valuation and month end processes. Streamlined, exception-based workflows efficiently detect and resolve disputes and differences.
Streamline XVA risk calculations via our centralised service that uses transparent, consistent models across instruments.
Initial Margin Analytics
Calculate trade sensitivities and analyse initial margin requirements based on standard models.
Calculate, manage and automate collateral requirements via a consolidated dashboard for maximum operational efficiency.
Counterparty Risk Optimisation
Optimise Equity Derivative portfolios by lowering initial margin funding costs and SA-CCR capital requirements, freeing up collateral, and reducing systemic risk.
Joanna Davies, Head of FX & Securities
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