Exchange Traded Derivatives (ETDs) represent a significant operational issue for sell-side firms due to the number and type of data sources, including Broker, Clearing Houses and Exchanges that must be managed.
These issues have been compounded by rising volumes that are likely to increase as more transactions are executed through exchanges as a result of regulatory reform to the OTC markets.
To address the challenge of seamlessly integrating and managing these dynamic sources, SmartStream’s TLM solution for sell-side firms provides full maintenance of the external feed handling process, offering support for more than 30 global exchanges, leading brokers and clearing houses.
The TLM solution is developed specifically to manage the high volumes that sell-side participants are experiencing through its workflow-driven approach to transaction processing. It delivers automation across the ETD lifecycle, ensuring every element of the transaction can be represented, tracked, managed and reported.
As a result of the automation delivered by the solution, costs are reduced due to fewer exception items, and the removal of manual intervention through repeatable, scalable and fully auditable processes.
SmartStream has partnered with Syntel as its preferred implementation partner for the ETD for Sell-Side solution, to ensure firms can gain a rapid time to market.