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The company provides a lifeline for those who insist on using the OASYS that DTCC is about to retire by canceling the setup and implementation costs.
STP Investment ServiceIt is a comprehensive provider of front-office, middle-office and back-office operation services and financial technology solutions. It is providing investment managers who use the DTCC OASYS platform to migrate to the STP settlement service platform No setup and implementation costsBy doing so, companies that have not yet found a replacement for traditional technologies that are about to retire can take advantage of STP’s award-winning services and software solutions while saving costs and improving their technology stack.
As the OASYS of the Depository Trust and Clearing Corporation (DTCC) will be retired in October, many companies that did not have a Central Transaction Manager (CTM) connection will experience considerable disruption this fall and seek alternative software solutions.
“It is very important for financial services companies to take this technology phase-out seriously and prepare in advance to ensure a smooth transition,” explained Kaisha Lourens, Assistant Vice President, STP Trade Settlement and T3“Inadequately prepared companies will encounter problems in more complex transactions, including gradual exit transactions or timely transaction confirmations. Depending on the company’s transaction location, if assets are not properly identified and kept. This is why we use our And remove barriers for those who need quick access to our solutions.”
STP’s trade settlement service It has comprehensive post-transaction processing functions, including: escrow transaction routing through confirmation, document delivery or SWIFT; complete trade life cycle monitoring; loss prevention/mitigation and pre-matching and failure tools; active trade monitoring; key performance indicator reports Cost-effective global delivery model.
“At STP, we provide our customers with first-class technology and high-touch services every hour and every week,” Patrick Murray, CEO of STP“We have carefully designed our services and platform products to suit all types of financial services companies. On the STP trade settlement platform, we provide flexible, low-cost, 24-hour coverage, including overnight services with a seamless service experience. Monitoring. For those who want to be more willing to retain their own trade settlement infrastructure, they use STP’s expertise and experienced global team to execute key settlement processes in the customer’s existing technology and workflow.”
These premier services are achieved through STP’s extensive experience in the past 13 years and its office in Bangalore, India, which has completed all necessary trade settlement agreements to support the global market.
To further simplify the transition, STP Investment Services will provide an on-demand webinar click on June 30, 2021, for those seeking post-trade technical solutions after the retirement of OASYS Here registered.
About STP Investment Services
STP Investment Services is an award-winning financial technology and global investment operation company that provides front, middle and back office solutions for investment managers, funds, family offices, wealth managers and plan sponsors, providing services, software, expertise and Confidence needs to focus on their core business goals. STP provides a wide range of services and SaaS products for the financial services industry, capable of handling all asset classes and meeting changing business needs. STP has been recognized by Philadelphia Business Magazines and Company Magazines many times for its strong corporate culture, and has been named the Outsourcing Supplier of the Year by the Financial Technology Forum (FTF) twice in a row. The STP platform and services have more than 225 employees worldwide, providing solutions for customers representing more than $275 billion in service assets.access STP Investment Service And follow us LinkedIn with Twitter.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20210616005295/en/
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