18 July 2018
Register today

Logicscope releases TradeSTP

08 November 2004  |  3559 views  |  0 Source: Logicscope

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.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9792 views comments | 5 tweets | 14 linkedin
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
9716 views comments | 3 tweets | 7 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9348 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8596 views 19 comments | 14 tweets | 30 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
8039 views comments | 1 tweets | 5 linkedin

Featured job

Find your next job