Sterling Trading Tech (STT), an innovative leader of professional trading technology solutions, has grown its risk and compliance OMS offerings, with three new clearing firms using Sterling’s Aggregator solution in Q3 2019. Sterling’s risk and compliance growth reflects an increasing demand by firms to consolidate compliance and risk management tools into a single OMS solution across multiple trading platforms.
Sterling Aggregator allows clients to manage pre-trade risk, routing, and execution and view real-time risk for equities, single-leg options, and multi-leg options from multiple trading platforms, both those from STT and from other providers. Aggregator also allows clients to view all orders, manage trading risk and enforce all 15c3 compliance controls in real-time.
“Our clients value the ability to have one vendor for their risk, compliance, trading platforms, connectivity, and order routing,” states Andrew Actman, Director of Business Development. “We deliver best-in-class solutions helping our clients operate efficiently day-to-day, which is crucial in today’s global marketplace.”
Sterling is advancing the way clients manage risk with Sterling Aggregator where they can easily set account limits and manage trading parameters. Orders can be customized to be routed based on Aggregate Unit, Individual Account, Platform, Symbol, Listing Exchange, TIF, Order Type, Time, and Price. Orders that would violate risk or compliance checks are rejected while those that pass are routed to the appropriate execution venue. Additionally, clients using Sterling Aggregator can eliminate utilizing multiple pre-trade tools due to its ability to be integrated with any third-party platform or FIX API.
“We’ve seen a growing trend for more advanced middleware functionality that we expect to continue as firms seek to consolidate pre-trade risk from multiple platforms in a single OMS,” states Jim Nevotti, President. “Sterling Aggregator and its highly configurable risk and compliance controls are gaining market share at a time when firms are seeking to gain increased operational efficiency and adherer to regulatory and compliance requirements.”
STT offers compliance, risk and infrastructure solutions to buy and sell-side clients, including risk, platforms, and connectivity. Our professional and retail trading platforms are available to the global trading community for equities, options, and futures. Products can be white-labeled to enhance clients’ brand identities. STT is the leading provider of equity and equity option trading solutions.
About Sterling Trading Tech (www.sterlingtradingtech.com)
Sterling Trading Tech (STT) is a leading provider of compliance, risk and infrastructure technology solutions for the global equities, equity options and futures markets. With over 100 clients with thousands of traders including leading brokers, clearing firms and prop groups in over 30 countries to trade international financial markets around the world, STT provides solutions tailored to clients’ needs including links to over 80 execution venues in the U.S. and currently processes 5% of the daily U.S. equity volume. STT is committed to providing fast, stable technology along with outstanding customer service.