How many trades escape through the STP net? And how much trouble do those trades cause you?
Thomson Reuters Post Trade Services enable you to feed more trades into your STP system to give you benefits all along the line, from credit management and risk through to confirmation and settlement. Increase the scope of your electronic deal capture. Discover discrepancies within seconds of trading through electronic trade notifications. Monitor and archive dealing conversations electronically and find information in seconds. Create data warehouses for easy paper-free compliance.
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Straight-through processing is great where it works. But your problems start with the trades that escape through the STP net.
Typically, for trade types that have no standard STP deal capture, it takes longer for trade details to reach you internally. And when they get to you, they are far less likely to be accurate. How many different methods are you using to check those trades with your counterparties? Do you still use fax or even telex?
Painful, isn't it?
Go home on time
With Reuters Trade Notification Service, you could receive all these details electronically as soon as the trade is made. You can spot discrepancies early and solve them before the details update your P&L, risk management and settlement systems.
You can sign up to receive electronic notifications at no charge*. The data is available in a range of market-standard formats including TOF, FpML, FIX, XML and CSV. Just choose the one that you prefer and all trade notifications will arrive in that format, regardless of where they originate.
You can process more of your trades straight through, and you can act quicker to address the exceptions. You can dramatically reduce the cost of processing the most expensive trade types, you can say goodbye to the fax and telex messages to your counterparties and brokers, and you can look forward to going home on time.
*With publisher agreement
Wasn’t STP going to make things easier?
With a flow of electronically captured deal data, it can all feed through automatically to risk, position-keeping and settlement systems.
In theory.
But as liquidity becomes more fragmented so do your post-trade systems. Are you forced to manage a different connection to every counterparty, platform and asset class? It’s not easy, is it? Thomson Reuters Post Trade Services offer a single connection of electronically captured deal data, including voice-brokered trades.
Now you can have accurate deal data at source for every counterparty who connects. You can eliminate the errors that compromise everything down the line: positions, risk, confirmation, settlement.
Thomson Reuters Post Trade Services offer you the chance to extend your STP so that fewer and fewer trades fall through the net.
Deliver on your obligations
Trade notifications arrive electronically in the market-standard format of your choice. This single connection can connect you all around the globe; regardless of the format that the trade is sent in, you receive the details in the format of your choice.
Even voice-brokered trades can be captured using a simple affirmation service, Reuters Trade Affirmation.
Now all your IT systems can deliver on their obligations; feed all your systems with more data and better data to give benefits all along the line:
- sharper position-keeping
- tighter credit management
- more accurate risk
- exceptions handled earlier in the processing cycle
- faster settlement
- reduced operational risk (and costs)
Isn't this what STP is meant to be?
Worked hard to create a great trading portal? Think you should be getting more takers?
Great prices are not enough. Your customers need to be able to process their trade quickly and cost-efficiently. That means you have to be able to feed their trades electronically. It’s challenging to do that for your top customers alone, no doubt, but beyond them?
How do you break through and offer a simpler STP solution to a broader customer base? There are many different formats to handle. And you have to support connections in other time zones. How many different systems do you need to interface to?
Just one.
Get more takers
With Reuters Trade Notification Service, you can publish trade details in a standard format. Reuters guarantees to deliver the details to the counterparty in the format of their choice. What that format is need not interest you.
One connection can connect you to all your customers anywhere in the world.
You can even have electronic deal capture for voice-brokered deals, through an easy-to-use affirmation service, Reuters Trade Affirmation.
Provide STP. And get more trade flow.
You know the problem.
Markets are fragmented. You trade across more venues than you can count. How can you get a clear view of your P&L and risk position while trading across so many disparate platforms?
Without real time delivery of all trade notifications, your post-trade processes aren’t sharp enough. You’ll never have an accurate view of risk position not to mention that mismatches or inaccurate trade confirmation details are costly to both you and your counterparties.
If you can process your trades in real-time, then you are in business.
How well you process your last trade affects how well you can make your next.
Build better trading relationships
Thomson Reuters Post Trade Services can give you that efficiency. You can have electronic deal capture for any transaction, including voice-brokered deals, through an easy-to-use affirmation to kick-start your internal processing. You can receive all your trade notifications from liquidity providers through a single connection in the market-standard format of your choice.
Naturally that’s good news for your middle office and back office. But for you, it’s the opportunity to show best practice to your trading partners. It’s the most impressive way of building better trading relationships
Sign up now
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* With publisher agreement.
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