TradeSTP Workflow

TradeSTP Workflow captures voice-generated trade data from execution venues, normalising and integrating deal messages and supporting bi-directional affirmation flows. Through TradeSTP Portal, voice trades can be viewed in a consolidated 'blotter' alongside e-trades, and accepted/rejected manually from the screen.

TradeSTP Workflow enhances 'one to many' and 'many to one' message consolidation, supporting faster and more streamlined real-time, multi-asset aggregation and allocations management.

Allocations (one to many)

• Process allocations from multiple venues and deliver to back office systems
• Create allocations through TradeSTP Portal (or third party)
• Allocate block trades to portfolios/accounts

Aggregation (many to one)

• Single/Multi-currency
• Rules-based - linked to data content (e.g. volume/time constraints)

TradeSTP Core supports the following asset classes:

• FX (Spot, Forwards, Swaps, NDFs)
• Money Market
• Commodities
• Equities
• Bonds
• Interest Rate Swaps
• Futures and Options

All trades are normalised and mapped through TradeSTP using industry standard FpML, supporting more efficient management of cross-asset position-keeping and credit utilisation.

Through its core connectivity solutions, Logicscope has established relationships with the world's primary executing venues and market-leading vendors. TradeSTP Workflow's development has been influenced strongly by these technology partners as well as ongoing market trends and developments. Our core philosophy is simple - we connect any execution venue (for any asset type) to any end user application. TradeSTP Workflow takes this further; in addition to its proprietary workflow-enhancing capabilities, we work closely with other service providers to incorporate other processes and to integrate with third party systems.

TradeSTP Workflow supports multiple post-trade processes, enabling uni- and bi-directional flows and the integration of manual processes within the TradeSTP workflow.

A flexible and highly-configurable service; every TradeSTP Workflow implementation is customised to satisfy the specific client requirements - from simple to highly complex.

Trade routing and enrichment

Incorporating a powerful data dictionary and complex real-time data binding, TradeSTP Workflow enables delivery destinations to be changed dynamically, subject to pre-determined message rules.

Rules may be linked to the content of a trade - for example, linked to volume/rate or asset type. They may also apply to the 'state' of a trade; if it's not allocated within a specific time, for example, or, to check credit limits.

Data can be enhanced in real-time by adding new content to messages - for example, or adding trade data from an order management system (OMS).

Matching

Perform post-trade matching to ensure trades have been correctly delivered to counterparties.

End to end acknowledgement

TradeSTP Workflow provides end to end access to trade states and specifically, enables trades to be tracked from deal capture right through to the customers' back office system. In addition to enhancing audit processes, the ability to track and trace any deal at every stage in its progress through to final settlement can significantly reduce the time and cost involved in identifying processing errors.

TradeSTP Workflow represents the next generation of Logicscope's award-winning post-trade technology and reflects our deep understanding of complex trade messages and flows. Specifically, we aim to enhance the management of multiple post-trade processes, streamlining processes within a single TradeSTP framework.