ASPOne sees opportunity in capturing trade data in the OTC markets
ASPone, the London-based trading, market data, connectivity systems developer and managed services supplier has launched a new initiative aimed at positioning the company to exploit the growth occurring in trade capture, trade routing and straight through processing (STP) within the over-the-counter (OTC) markets with capabilities for multi-asset classes and financial markets globally.
ASPone recently formed a strategic alliance with Reuters to incorporate its proprietary technologies into the Reuters Trade Notification Service (RTNS). The company says this offers significant operational benefits to traders in the FX and money markets by providing a uniform method of post voice-trade capture and allows for fully electronic confirmation and settlement.
“In the past we have been the hidden power delivering other organisations’ trading solutions. ASPone is a proven brand and we are coming to market with an exciting range of products and services,” says Patrick McGrath, Managing Director.
ASPone says it is also adding market data analytics and derivatives pricing tools to its products, plus a complete managed network service for voice trading and data.