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. Technology news
  3. OSTTRA streamlines trade reconciliation with direct connectivity
Technology news

OSTTRA streamlines trade reconciliation with direct connectivity


06 July 2022 UK
Reporter: Rebecca Delaney

Generic business image for news article
Image: Tasphong
OSTTRA has streamlined trade reconciliation with direct connectivity between two of its post-trade services, MarkitWire and triResolve.

MarkitWire is an electronic trade confirmation and processing platform, while triResolve offers services for portfolio reconciliation, collateral management and reporting reconciliation.

The direct connectivity is currently live with nine existing customers, covering interest rate derivatives and equity derivatives. It will also include repo transactions following the go-live of OSTTRA Trade Processing for Repos in the third quarter.

The enhanced workflow will enable trades confirmed by MarkitWire to be efficiently delivered directly into triResolve, across a common network of more than 2,000 firms.

This will drive standardisation of data for reconciliation, bringing improved efficiency, cost reduction and greater transparency between counterparties, OSTRRA highlights.

Peter Altero, head of rates business development at OSTTRA, says: “The connectivity between MarkitWire and triResolve shows that OSTTRA is focused on accelerating innovation in post-trade. Our clients will only have to flick a switch on the MarkitWire side to see the significant benefits of enhanced data in triResolve. This is just the beginning — there is so much more efficiency to be gained up and down the post-trade stack by having access to enhanced, standardised transactional data.â€

Sheila Schofield, head of triResolve business management, EMEA, adds: “Data from MarkitWire acts as a gold copy for the majority of over-the-counter derivative transactions. For our clients, seamlessly incorporating this data in portfolio reconciliations will result in improved efficiency with minimal effort and no extra cost, enabling them to focus on their value-add tasks.â€

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 →
Glossary terms in this article
→ Collateral
→ Repo

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →