Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Derivatives news
  3. OSTTRA releases service to digitise paper confirmations
Derivatives news

OSTTRA releases service to digitise paper confirmations


15 July 2022 New York, London
Reporter: SFT

Generic business image for news article
Image: AdobeStock/wladimir1804
OSTTRA has announced a paper digitisation service that will reduce the time required to process paper-based confirmations for OTC derivatives transactions.

The post-trade services specialist will employ an artificial intelligence-based solution to capture and digitise key details from pdf transactions records, thereby improving straight-through processing rates through trade review and matching procedures and facilitating faster trade confirmation.

OSTTRA indicates that creating a digital representation of the trade is fundamental to automating onwards processing and eliminating human error, potentially enabling trade confirmation to be accelerated from hours to minutes.

By adding this paper digitisation module to OSTTRA Trade Manager, the firm indicates this will enable buy-side firms to monitor their derivatives trades alongside their electronic trade flow, therefore enabling them to monitor their OTC trades in one place.

The paper digitisation service will launch this month for FX options and equity swaps and from September for fixed income options, commodity swaps and non-deliverable forwards

OSTTRA was established in 2021, bringing together MarkitServ, Traiana, TriOptima and Reset.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ OSTTRA

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →