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.

Read this next

Retail FX

DefiniteArea Review – Is This Broker Any Good?

Read our DefiniteArea review today to learn all you need to know about DefiniteArea before signing up with the broker (definitearea.com).

Industry News

Playtech to close Finalto sale to Gopher in two weeks

Playtech, the London-listed gambling software developer, today said it expects to close the divesting of its financial trading division Finalto by mid July 2022.

Retail FX

eToro valuation halved as SPAC merger deadline expires

The deadline for the completion of the SPAC merger of eToro had passed yesterday, June 30, and the Israeli broker apparently canceled the deal with Betsy Cohen-backed blank-check firm.

Institutional FX

FXSpotStream reports second best figure for monthly volumes

Trading volumes on institutional FX platforms surged in June after fears over the impact of Russia’s military invasion of Ukraine sent speculative asset classes reeling.

Retail FX

Vantage expands MT5 offering with access to new stocks

ASIC-regulated foreign exchange brokerage Vantage has expanded its service offering and trading products by incorporating new markets, namely 14 exchange-based stocks on MetaTrader 5.

Digital Assets

CFTC charges $1.7 billion Bitcoin scam, largest to date

Mirror Trading accepted at least 29,421 Bitcoin from approximately 23,000 investors from the United States and even more throughout the world.

Retail FX

Spotware Systems upgrades cTrader Desktop to version 4.3

Spotware Systems, a technology provider for the electronic trading industry, has launched an updated version of its cTrader Desktop, which adds new functionality to join a roster of advanced trading capabilities.

Digital Assets

OKX launches Block Trading for tighter pricing

With Block Trading, users can integrate spot and derivatives trades on the same platform and trade multiple currencies in a single trade. The service supports trading of perpetual swap, futures, and option contracts with popular altcoins as the underlying.

Industry News

Interactive Brokers pays $1 million to settle with CFTC

Interactive Brokers overcharged its customers a total of $710,828.14.

<