Sterling Trading Tech, a provider of order management, risk and margin and trading technology, today announced plans to support fixed income securities by the end of the second quarter of 2024.
As Sterling grows its OMS and Risk & Margin System offerings, this latest series of strategic initiatives across the product suite benefits clients by expanding the already broad and deep coverage of Sterling Risk & Margin (SRM) assets. Current hedged assets include US and international stocks and options. US and International FX and Crypto Futures and Options.
In addition to multi-asset coverage, SRM provides advanced analytics as a Risk-as-a-Service (RaaS) solution. This allows firms to monitor client Reg T requirements, portfolio margin and customs policy in real-time and includes the ability to view advanced post-execution risk analyzes for US and global equities, options and futures as well as secure FINRA reporting . Clients can also combine Sterling’s risk capability with its OMS.
Once delivered, sterling clients will be able to view fixed income securities in the SRM user interface. This capability will allow them to ascertain how the securities contribute to portfolio values and margin requirements and, in addition, highlight their fixed income securities within interest rate shocks to determine their contribution to portfolio risk. Sterling will use standard FINRA margin requirements for fixed income securities, while allowing overrides at the firm or account level.
Brian Saldeen, CFA, Senior Product Manager – Risk & Margin, at Sterling, said:
“Businesses must have the tools to effectively manage risk across all asset classes. As yields rise, we are seeing greater exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment. Our approach takes asset classes, risk exposure and regulation into one service offering.”
Sterling will also expand capabilities to include mutual funds later this year.