Sterling Trading Tech upgrades OMS with fractional shares and more

Rick Steves

Capable of handling increased volumes and order flow, the order management system now supports the trading of fractional shares as they become a common feature in the current trading environment, particularly in the retail trading segment.

Sterling Trading Tech (STT) has enhanced functionality for its order management system (OMS) to increase scalability and throughput, as well as a new rules engine, and support for trading of fractional shares.

The provider of multi-asset class technology solutions has added advanced features that include a risk-based rules engine and the ability to trade fractional shares in order to offer broker-dealers and their traders more power and flexibility.

Enhanced pre-trade equities and options margin (single and complex) calculations

Ravi Jain, Chief Product Officer of Sterling Trading Tech, said: “Sterling has always been committed to an innovative approach that helps our clients have access to the best of breed technology in the capital markets. Our team has developed an OMS that is robust, highly performant and supports large throughput to scale to meet increasing demand. We’ve been pleased with the rapid traction and adoption the system has received.”

The Sterling OMS employs a REST API interface that integrates easily with users’ other existing systems, easily incorporating additional features and growing along with user demand.

Capable of handling increased volumes and order flow, the order management system now supports the trading of fractional shares as they become a common feature in the current trading environment, particularly in the retail trading segment.

Sterling Trading Tech added a number of extra features, including adjustable platform parameters to match clients’ particular needs, advanced pre-trade risk capabilities and a new risk-based rules engine that provides greater flexibility in managing order flow.

The fintech firm also enhanced support for pre-trade equities and options margin (single and complex) calculations, along with controls for RegT, Pattern Day Trading and Portfolio Margin. Other features include expanded pre-trade risk controls, direct connectivity to a wide network of broker-dealers, exchanges and other market venues, and conditional and advanced order types.

The updated OMS joins a suite of equity, equity options and futures trading solutions as well as a real-time, cloud-based risk and margin system.

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