Logicscope Adds Equities to Tradestp real-time, Post-trade STP for Chi-X Trades

London - 23 June 2009

Logicscope, the leading provider of post-trade STP between trading venues and their customers, announces the addition of Equities assets to TradeSTP, its award-winning post-trade STP platform. By connecting Chi-X - via a FIX interface - to the TradeSTP Connect host environment, transactions on this exchange can be delivered, in real-time, directly to end users’ middle and back environments.

Logicscope’s market-leading TradeSTP solutions connect the world’s leading e-trading banks, brokers and trading platforms with their end user customers, globally. Voted Leading Post-Trade Vendor, 2009 (and 2008), by readers of Profit and Loss Magazine, TradeSTP today connects 40 of the world’s largest trading venues with over 300 institutions, delivering real-time post-trade messages seamlessly into over 50 vendor applications.

In addition to Equities, TradeSTP supports cash and derivative instruments for FX, fixed income, interest rate products and commodities including Metals.

Nick Dyne, Business Development Director, Logicscope says: “STP is an increasing imperative in respect of trading efficiencies and the improved management of risk, meeting ‘best execution’ and transparency obligations (e.g. MiFiD) and seamless settlement processing. The addition of equities to TradeSTP - and provision of seamless post-trade connectivity for trades executed on Chi-X - is a further endorsement of our proprietary TradeSTP technology and architecture and a testament to growing client demand for integrated, multi-asset, post-trade workflows”.

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