SpectrAxe and OSTTRA partner 18 July 2024UK Reporter: Jack McRae
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SpectrAxe has joined OSTTRA to offer an end-to-end service in the FX options market.
The collaboration combines SpectrAxe’s price discovery and execution central limit order book (CLOB) with OSTTRA’s post-trade network.
By connecting to OSTTRA’s network, traders on SpectrAxe’s platform can experience real-time trade notifications booked directly into their risk systems.
Alvin Chopra, chief operating officer at SpectrAxe, comments: "By combining our price discovery and execution capabilities with OSTTRA’s robust post-trade solutions, we are setting a new standard for efficiency and transparency.
“This end-to-end service reduces the complexity and time traditionally associated with trade booking and risk management, offering unparalleled benefits to our clients."
Patrick Philpott, product design lead for FX and securities at OSTTRA, adds: "Automating the post-trade workflow is crucial for enhancing operational efficiency and reducing risk. Our combined expertise provides market participants with a streamlined, automated process that not only saves time but also significantly reduces the potential for errors."
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