Our fixed income group trades government securities and corporates on various exchanges. We need to get those trades into Bloomberg TOMS as quickly as possible to manage the firm's risk. There's a potential for monetary loss if we miss a trade or enter a trade into TOMS incorrectly.
We trade on eSpeed, BrokerTec, Dealerweb, MarketAxess and Liquidity Edge.
As the desk grows and volume increases, we need automation to help us manage our business.
Install Street Systems connectors that link STP to eSpeed, BrokerTec, Dealerweb, MarketAxess and Liquidity Edge.
Attach each connector to the Street Systems Message Hub to automate the processing of every trade message.
Convert each trade message into a Bloomberg TOMS trade with the STP Translation Engine, assigning the correct Bloomberg counterparty and trade book.
Send the trade to Bloomberg TOMS. Traders see their updated position in their TOMS trade book.
Street Systems accepts FIX messages, proprietary protocols, FTP, Excel or email messages and files.
High-performance proprietary message conversion technology.
Translated messages are delivered to their destination quickly and accurately.