Logicscope, a leading provider of post-transaction messaging, today announced the introduction TradeSTP, a product designed to meet the growing demand in the financial trading markets for straight-through-processing (STP) solutions.
TradeSTP is an enhanced post-deal trade notification product based on the DealFeed software developed and successfully deployed under the long-standing collaboration between Logicscope and EBS in the foreign exchange market. Logicscope and EBS recently concluded a renegotiation of their agreement, as a result of which Logicscope has acquired unencumbered rights to all software it developed for EBS.
Nick Dyne, LogicScope chief executive, said, "TradeSTP provides industry standard foreign exchange deal integration protocols accepted by virtually all FX transaction-based applications. This makes integration as simple as possible by reducing implementation costs and technical risk."
He added, "TradeSTP can grow as the size of the solution demands. Whether it is a 'single box' local solution or a multi-site, multi-vendor solution, TradeSTP is suitable. As the primary independent supplier of FX transaction integration services with several hundred treasury trading rooms using our software, we can provide modification to the standard protocols where applications are using non-standard versions of the outputs."
TradeSTP can be used by any originator of FX deals (or related treasury instruments) to facilitate the post-trade delivery to counterparty's middle and back office applications. It is proven reliable and is highly scalable.
TradeSTP takes completed deals from brokers and other liquidity providers, delivers them to a counterparty' s post trade environment and integrates them with the target applications or middleware via industry standard interfaces.
TradeSTP offers the following outputs: TOF/Serial, TOF/IP IP, ASI/Serial, ASI/IP, XML and printer output.