Sterling to provide risk and margin support for fixed income

Rick Steves

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Sterling Trading Tech will support fixed-income securities by the end of Q2 2024, said the provider of technology in order management, risk and margin, and trading.

STT’s OMS and Risk & Margin System offering has seen profound enhancements in recent years with more capabilities and broader asset coverage. Currently, the solution covers US and international equities and options, US and international futures and futures options, FX, and crypto.

The Risk & Margin System delivers advanced analytics as a RaaS (Risk-as-a-Service) solution to allow firms to monitor client Reg T, portfolio margin, and custom house policy requirements in real-time. The service includes the ability to view advanced post-execution risk analytics for US and global equities, options, and futures as well as secure FINRA reporting.

“Our approach accounts for asset classes, risk exposure, and regulation”

Brian Saldeen, Senior Product Manager – Risk & Margin, at Sterling, said: “Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment. Our approach accounts for asset classes, risk exposure, and regulation in one service offering.”

By the end of Q2 2024, clients of Sterling Trading Tech are expected to be able to view fixed income securities in the SRM UI in order to ascertain how the securities contribute to portfolio values and margin requirements.

Additionally, users will be able to stress their fixed income securities within interest rate shocks to determine their contribution to portfolio risk.

Sterling said it will use standard FINRA margin requirements for fixed income securities, while allowing for overrides at the company or account level. The firm will also expand capabilities to include mutual funds later this year.

With over 100 clients including leading brokers, clearing firms, and prop groups in over 20 countries, STT provides trading technology solutions tailored to clients’ needs, including trading platforms, OMS, and risk products covering equities, equity options, and futures markets.

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