OSTTRA, the post-trade solutions vendor, has entered a strategic partnership with FIS to enhance transparency and efficiency in the exchange-traded derivatives (ETD) post-trade lifecycle. The collaboration will provide OSTTRA’s network of investment management clients with real-time clearing status updates from over 70 global CCPs via FIS Connections, improving transparency in give-ups and exception management.
FIS will leverage OSTTRA’s order IDs to automate and streamline allocation processes within its Cleared Derivatives solution. The partnership also supports market participants in adhering to the FIA’s DMIST 30-30-30 standards, advancing timeliness and standardisation in ETD post-trade activities.
Joanna Davies, Managing Director, Head of Trade Processing at OSTTRA, commented: “This collaboration underscores the commitment of both firms to drive innovation that brings value to all parties of an ETD trade. Together with FIS, we are shaping the future of listed derivatives trade processing, providing new levels of transparency across the ETD post-trade lifecycle.”
Andres Choussy, EVP Group President, FIS Trading and Asset Services, said: “At FIS, we’re delighted to collaborate with OSTTRA to help create an extensive network across buy-side and sell-side participants to optimise the exchange-traded derivatives (ETD) post-trade lifecycle. This collaboration is another proof point of our commitment to unlock capital markets technology to the world and sets a new standard for better collaboration and transparency.”
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