OSTTRA, a global post-trade solutions provider, announced that Bank of America, Barclays, Citi, HSBC, UBS Investment Bank, and Wells Fargo (“the banks”), have jointly committed to making a strategic equity investment in OSTTRA. Funds managed by KKR, a leading global investment firm, will continue to be the majority owner of the company.

The commitment from the banks, all long-standing OSTTRA clients and extensive users of its services, reflects industry confidence in OSTTRA’s strategy and affirms its central role in global capital markets. This close partnership will help to drive expansion into new markets and asset classes and ensure next-generation solutions remain tightly aligned with evolving industry needs.

The transaction follows OSTTRA’s transition to independence under KKR in October and marks an important milestone in its evolution toward becoming an even more client-centric, growth-oriented business. The banks will work closely with OSTTRA as the firm develops its future-ready product roadmap – strengthening momentum behind the company’s long-term ambition for a more unified, efficient, and resilient post-trade ecosystem.

 OSTTRA networks underpin millions of OTC and listed derivatives transactions each day, forming a trusted foundation on which banks, asset managers and other market participants manage post-trade workflows, optimise portfolios, and reduce operational risk.

 Commenting on the investment, Ashok Krishnan, Head of Platform at Bank of America, said: “We are pleased to become a strategic investor with OSTTRA to further strengthen post-trade infrastructure, as it is essential to market stability. We look forward to working with OSTTRA to continue to meet the evolving needs of our clients and the broader ecosystem.”

Georges Lauchard, Investment Bank Chief Operating Officer at Barclays, said: “Barclays continues to invest in solutions that strengthen and modernise Markets infrastructure, bringing efficiencies across asset classes. OSTTRA is a key provider of post-trade services for our Markets division and we are pleased to collaborate with KKR in this journey.”

Siris Singh, Global Head of Markets Strategic Investments at Citi, said: “OSTTRA is a critical component of global markets post-trade infrastructure. Our investment reflects our confidence in the firm and our intent to collaborate closely as it continues to enhance its tools and services for clients.”

 Richard Bibbey, Global Head of Institutional Sales at HSBC, said: “This investment reflects HSBC’s ongoing focus on supporting market infrastructure that underpins efficient and resilient capital markets. OSTTRA is a well-established platform in the post-trade ecosystem, and we look forward to working with KKR and OSTTRA as they continue to support the evolving needs of market participants.”

According to Guy Rowcliffe, Co-CEO at OSTTRA, “This investment from six of our largest customers is a pivotal moment for OSTTRA, and for the wider post-trade community,”

Co-CEO, John Stewart added: “It reinforces the essential role our networks play in supporting global markets and reflects strong endorsement of our strategy, as we work together to transform the post-trade ecosystem.”

Webster Chua, a Partner at KKR concluded: “We are delighted to welcome this group of leading banks as equity investors. Their commitment reinforces the strategic importance of OSTTRA to the global trading industry and validates the progress the firm is making as it accelerates growth and innovation across its global network.”

Paul Weiss served as legal advisor to OSTTRA and KKR. Goodwin Procter served as legal advisor to the banks.

Source: OSTTRA