STERLING TRADING TECH EXPANDS OMS, RISK SOLUTIONS TO ASIA

KUALA LUMPUR, March 13 (Bernama) -- Sterling Trading Tech (STT), a professional trading technology solutions provider announced its 2024 expansion into Asia, with Korea, Hong Kong, and Singapore chosen as the expansion's focal points.

According to a statement, this announcement comes as the second in a series of this year’s strategic announcements regarding plans for international expansion, following the recent onboarding of KBFG Securities America Inc.

STT Chief Executive Officer, Jennifer Nayar said: “What sets us apart in the industry is our multi-asset OMS, delivering 24x5 capabilities, and our Risk system, built with unmatched regulatory features to provide a distinct competitive advantage.

“Our experience is that Asia markets consistently seek the most capable and advanced solutions to build their franchises and we have already gained traction with our approach.”

The move is in response to the Asia markets and client demand for more advanced order management system (OMS) and Risk solutions than are currently available in local markets.

STT will deploy its systems both locally and cross-border, focusing on the United States (US) operations of Asia entities, whereby its multi-asset OMS enhances liquidity and alpha generation in US equities and options, fosters client growth and competitiveness by creating operational and infrastructure efficiencies.

Its OMS offers real-time balances and positions, advanced margin methodologies, customisable risk controls, broad reporting capabilities, and application programming interface (API) connectivity, enabling seamless trading.

Advanced order queueing allows traders to place orders at any time and receive international orders in real time outside of US trading hours.

With over 100 clients in over 20 countries, STT focuses on client growth by delivering technology that provides clients with a competitive advantage.

-- BERNAMA