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A-Team Insight Blogs

Logicscope Connects to Ice for Real-Time Post-Trade STP

Logicscope, a provider of post-trade STP between trading venues and their customers, has added IntercontinentalExchange (ICE) to its prestigious community of execution venues. By connecting to TradeSTP, Logicscope’s post-trade platform, clients can receive real-time post trade notifications for any asset traded on the market leading ICE electronic trading platform, transformed and delivered seamlessly into any middle and back office environments.

Nick Dyne, business development director, Logicscope, says: “ICE has proved itself to be a major futures exchange and we are delighted to have received certification for TradeSTP for post-trade connectivity. This is another example of the multi-asset capability of the TradeSTP service and will support our expansion into other assets. We already have a number of clients requesting the feed and expect many more over the next few months.”

Logicscope’s TradeSTP connects the world’s leading execution venues – banks, brokers, ECNs and exchanges – to over 300 institutions and corporates, transforming and delivering real-time post-trade messages seamlessly into over 70 vendor applications.

TradeSTP Workflow, the latest enhancement to Logicscope’s core deal capture, transformation and routing technology facilitates multiple post-trade processes including allocations, aggregation and matching, enabling bi-directional message flows and the integration of manual processes (for example, affirmation of voice trades) within a streamlined, efficient post-trade STP workflow.

Developed initially to support the post-trade STP requirements of the US$3 trillion a day global foreign exchange industry, the TradeSTP suite of post-trade services now supports multiple OTC and exchange-traded assets including futures, options, money markets, commodities, equities, bonds, interest rate swaps.

ICE’s electronic trading platform is one of the world’s most flexible, efficient and secure commodities trading systems. ICE’s integrated electronic marketplace offers futures and OTC markets products on a widely distributed electronic platform. Accessible via a number of channels including direct connectivity, telecom hubs, Internet and APIs (including FIX), ICE’s 3 millisecond transaction time is considered to be the fastest available in the futures industry.

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