STP
Straight Through Processing lets the operation scale up to book and pay around the clock, without adding people to match the volume.
FIX / STP Automation
Straight Through Processing for booking, payment and bank reconciliation — so a trade reaches the ledger without anyone keying it in twice.
- Trade, confirmation and posting from one entry
- Book once
- FIX and SWIFT providers on one engine
- Multi-bank
- Processing that does not wait for the morning
- 24/7
Streamline
A quicker, cleaner experience for the client — the confirmation comes from you, at the moment of booking.
Security
Fewer hands on the data means fewer places for it to be altered, mistyped or seen by someone who should not see it.
Quick and easy
Staff find what they need without tracing a transaction across systems, because it only ever existed in one.
Full STP capability
Switch on full Straight Through Processing with your bank for client payment requests.
Multi-bank and SWIFT
The STP engine supports multiple banks and SWIFT providers side by side.
Most trading operations do the same work twice. A trade is booked on a counterparty portal, then keyed back into the firm’s own system; a payment is instructed in one place and reconciled in another; the ledger finds out last. Every one of those hand-offs is a chance to mistype a number, and the reconciliation at the end exists mainly to catch the ones that were mistyped.
Straight Through Processing removes the hand-offs rather than checking them. A FIX engine connects you directly to your liquidity providers and banks, so the trade is booked on your own system, the confirmation goes out from there, and the posting follows without a second entry.
What it does
Book on your own system. FIX connectivity direct to liquidity providers, so the trade is captured once, in your platform, and the client confirmation is issued from it.
Payments and reconciliation. Payment instructions and automated bank reconciliation close the loop between a booked trade and the ledger, continuously rather than at month end.
Multiple banks on one engine. The STP engine supports several banking partners and SWIFT providers together, so adding a bank is a configuration rather than a project.
Processing that does not sleep. Booking and payment run around the clock, which is what makes growth a question of volume rather than headcount.
Where it fits
FIX and STP are the connectivity layer of the isCT fintech platform. SWIFT integration covers the payment and reconciliation messaging alongside it, and API integration is the route in for systems of your own that need to talk to the same data.