OSTTRA

OSTTRA is a provider of post-trade solutions for global financial markets. Formed as a joint venture between S&P Global and CME Group, OSTTRA brings together four established businesses that have fostered post-trade market development for over 25 years: MarkitSERV, Traiana, TriOptima, and Reset.
== History and Formation ==
OSTTRA was created by combining several pioneering companies in the post-trade space:
* Traiana: Founded earlier, Traiana developed the post-trade infrastructure that supported significant growth in prime brokerage volumes in FX markets before expanding to other asset classes.
* MarkitServ: Played a key role in transitioning interest rates and credit communities from paper-based workflows to electronic affirmations and confirmations.
* TriOptima: Introduced multilateral portfolio compression, optimizing risk and capital allocation for market participants.
* Reset: For over 20 years, provided innovative solutions for managing basis risk in trading portfolios.
In August of 2024, Bloomberg reported CME Group and S&P Global were exploring a sale of OSTTRA.
== Services and Solutions ==
OSTTRA offers a comprehensive suite of post-trade services across multiple asset classes:
=== Trade Processing: ===
* Trade affirmation and confirmation
* Allocation matching and processing
* Clearing services for various asset classes
=== Risk Management: ===
* Pre-deal scenario analysis 
* Real-time limit checking for OTC cleared trading 
* FX credit management 
=== Portfolio Optimization: ===
* Portfolio compression
* Counterparty exposure optimization
* Basis risk optimization
=== Regulatory Compliance: ===
* Services supporting the transition to alternative risk-free rates (RFRs)
* Solutions for Uncleared Margin Rules (UMR) compliance
* CSDR-related post-trade processes
== Technology and Infrastructure ==
OSTTRA's platforms, including MarkitWire, TradeServ, and Traiana's Harmony and Clientlink services, form a critical part of the post-trade infrastructure. These systems connect thousands of counterparties across multi-asset networks, supporting the entire post-trade lifecycle from trade capture through to clearing and settlement.
== Market Position ==
As a joint venture between S&P Global and CME Group, OSTTRA leverages the expertise and resources of two major financial market players. The company serves a global client base, including banks, asset managers, hedge funds, and other financial institutions, providing solutions that aim to reduce complexity, eliminate duplication, and automate workflows throughout the post-trade lifecycle.
== Key People ==
File:GuyRowcliffe.jpg|Guy Rowcliffe, Co-CEO and Chief Commercial Officer
File:JohnStewartOSTTRA.jpg|John Stewart, Co-CEO and Chief Operating Officer
File:Susan Schulte OSTTRA.png|Susan Schulte, Head of Sales
File:Joanna Davies OSTTRA.jpg|Joanna Davies, Head of Trade Processing
File:James McLoughlin OSTTRA copy.jpg|James McLoughlin, Head of Trade Lifecycle
File:Erik Petri OSTTRA.jpg|Erik Petri, Head of Optimisation
File:Kirston Winters OSTTRA.jpg|Kirston Winters, Head of Legal, Risk, Compliance and Government and Regulatory Affairs
File:John Smith OSTTRA.png|John Smith, Chief Technology Officer
File:Anup Hariharan OSTTRA.png|Anup Hariharan, Head of Operations and Client Support
File:Lucy_Chowdhury_OSTTRA.png|Lucy Chowdhury, Head of Human Resources
File:Robert Bell OSTTRA.png|Robert Bell, Chief Financial Officer
== References ==
Category:Financial Services Companies
Category:Post-Trade Services
Category:Companies Established in 2021
Category:Companies Based in London
Category:Joint ventures
Category:S&P Global
Category:CME Group