ETC Taps Sterling Trading Tech for Prime Services
The Eletronic Transaction Clearing has inked a partnership with Sterling Trading Tech to provide institutional electronic trading, pre-trade risk and real-time risk managment tools, company officials announced today, October 24.
ETC offers comprehensive clearing, settlement and custodial services globally to securities industries participants, including broker-dealers, ATS’s, routing firms, professional trading firms and hedge funds.
“We are delighted with our partnership with Sterling Trading Tech and look forward to utilizing their different platforms to better benefit our clients. There is a synergy between our two brands that we feel will result in a beneficial relationship for ourselves and our clients,” said Matthew Shatz, managing director of ETC.
Under terms of the deal, ETC will utilize STT’s Sterling Trader Elite, Sterling VolTrader, Sterling Risk Engine, and Sterling Aggregator products. Sterling Trader Elite and Sterling VolTrader are buy-side platforms that offer sophisticated algorithmic trading suites, next-generation analysis, execution and position management with advanced order management to provide institutional and agency traders complete customizable control of their trading worldwide. The Sterling Risk Engine calculates intraday, real-time risk-based haircuts and customer portfolio margin based on the OCC methodology and calculates real-time customizable market shocks against these portfolios. Sterling Aggregator allows clients to view all orders, manage trading risk and enforce 15c3 compliance controls.
“ETC is a valuable partner. We are excited to serve ETC’s Reg T and portfolio margin clients,” added Jim Nevotti, president of STT. “As an industry leader, STT stays focused on the forefront of the ever-changing global market environment by understanding the complex needs of our customers.”
Electronification of the municipal bond market also presents a large opportunity.
The success of Northbound trading showed electronic execution is way forward for the bond market.
Algorithms have become more prevalent in the spot FX market.
Increased electronification has created useable and accessible real-time and historic trade data.
Buy-side firms can discover liquidity more efficiently and execute on Turquoise.