Straight Through Processing (STP)

A Comprehensive Suite of STP Services:

• An aggregated, cross-asset class trade lifecycle service
• Built on an industry proven infrastructure and secure network
• Cost mitigation achieved through a consolidated and automated solution
• Increased operational efficiencies
• Reduce Trade Fails with Fails Management Solution
• STP solution to meet shorter settlement cycles including T+2 in Europe
• Full support of industry messaging standards (FIX, FpML, ISO, SWIFT, etc.)
• Post Trade Chat (PTC) to communicate and resolve trade discrepancies effectively

Broad Asset Class Coverage

Fixed Income

• Governments
• Agencies
• Corporates
• Municipals
• Money Markets
• MBS
• TBA

Equities

• Equities
• Preferreds
• Convertibles

FX

• FX Spot
• FX Forwards
• FX NDFs
• FX Options

Exchange Traded

• Futures
• Options

Repos

• Tri-Party
• Repo/Reverse Repo
• Buy/Sell Back

• Block Trade Affirmations (VCON)
• Allocation Notification
• Global Electronic Trade Confirmation Matching

FailStation: The Standard In Fails Reporting

Bloomberg’s FailStation is a portal that offers comprehensive settlement pre-matching capability, in-depth metrics analysis and efficient communication tools to reduce manual efforts currently used in the reconciliation process. It aggregates failed trade data for Investment Managers, Custodian Banks, and Broker/Dealers in real time. FailStation allows the user to easily identify the same trade from both sides in order to resolve fails more quickly and efficiently.

State of The Art Technology

• Single Access Point — Reduces the time and cost to aggregate all fails into a single workstation
• Standard Format — Faster identification and analysis with identical view to user
• Real Time — Eliminates time to research already cleared trades
• Reduce Risk — Faster reconciliation of failed trades

Superior Workflow Management

• Flexible — Multiple ways for user to customize and sort
• Historical Data — Easily search and manage both historical and current data
• Standardization — User able to view ALL trades across both sides in an identical user designed format
• Multiple Users — Manager can easily divide and manage work among associates
• Spreadsheet — Easily downloads into spreadsheet applications

Compare Broker & Custodian Data

• Speed — Quickly compare failing trades
• Identify — Easily identify reason for failure
• Reconcile — Dramatically reduce time to clear fail

Metrics Analysis

• Multiple Views — Over 50 metric reports available
• Benchmarking — Provides scorecards and peer group analysis
• Analyze — View current and historical data
• Efficiency — Retain frequently used reports

Bloomberg STP and Community

• Linking an allocated trade to a fail provides an effective exception monitor throughout the post trade life-cycle
• BBG security and valuation data enriches fails data
• Ability to IB post trade counterparts and internal colleagues to quickly resolve settlement issues

• Multi-asset Class STP Trade Blotter
• Post Trade Chat (PTC)
• STP Portal

Bloomberg’s STP Portal provides users with a configurable work-space for managing the post-trade lifecycle of multiple asset classes, including the use of real-time trade matching engines and trade allocation tools. The STP Portal also provides access to Post-Trade Chat (PTC), which allows a direct connection to trade support users on the Bloomberg network helping to quickly resolve post-trade issues. The STP Portal is offered at no additional cost to existing Bloomberg customers thus assisting trading and sales support staff to become self sufficient and to increase transparency when managing the post-trade workflow.

STPStation

Bloomberg’s STPStation is a seamless real-time counterparty connectivity and trade management solution for institutional investment managers, hedge funds, service providers (prime brokers & administration hubs), broker dealers and custodians. Carrying messages for all assets, STPStation is a real-time ASP developed to service transactions from NOE through settlement. Unlike other solutions currently in use today, STPStation brings NOE, allocation delivery, matching, exception processing, translation, custodian and interested party notification together with an unparalleled flexibility to address the nuances of today’s trading environment. STPStation is the key for firms that want to replace fragmented processes with a comprehensive solution. There is a choice!

What makes STPStation valuable to Clients?

• Comprehensive list of asset classes including support for equities, fixed income and derivatives & FX, offering a single point of entry to automation across your business.

• Web-based and accessed without the financial overhead of dedicated hardware or software. New STPStation counterparties can therefore join in a matter of days rather than taking months to implement.

• Harmonization of industry standards and protocols as STPStation provides you with easy-to-use conversion tools and provides you with the flexibility to integrate with whomever you need to in order to get your business done. With STPStation, you define the interface.

• Network Interoperability to reach counterparties across a growing list of networks (including SWIFT and FIX). STPStation is committed to working with other major networks to ensure our clients can access counterparties around the world.

• Rules-based trade management engine – No longer are users required to log into multiple applications to process different asset types. STPStation allows users control of all aspects of their counterparty communications in one place.