Straight Through Processing (STP) solutions are needed to help financial markets firms meet the regulator’s expected call for one-day trade settlement (T+1), as well as to meet the demand which are present globally. Currently, the entire trade lifecycle, from initiation to settlement, is a complex labyrinth of manual processes which takes several days.
NSEIT’s XpressSTP™ - scalable messaging hub (with ISO 15022 format messaging standard) for financial instruments and processes offers full end-to-end trade processing, from order entry to order settlement. When fully realised, STP will provide brokers/dealers, asset managers, custodians and other financial service players with tremendous benefits, including greatly shortened processing cycles, reduced risk and lower operating costs.
XpressSTPTM enables the entire trade process to be conducted electronically without the need for re-keying or manual intervention.
Robust messaging hub built for seamless communication
Split Contract Note Functionality
Single contract note with multiple transactions
Auto Upload & Download
Auto Upload and auto download functionality helps in avoiding manual monitoring
Efficient data tracking right from auditing to logging
Single window monitoring of settlement processing & Balance Utilization
Three way communication
Seamless communication with all stakeholders (custodians-brokers-investors)
Multiple & Single file upload support with error validation
Hub integration facility which allows message service from different service providers
Automate transaction confirmation & settlement
Data tracking ease across market participants
Seamless online flow leading to faster settlements
Messaging standard ISO 15022 format. Secure connectivity under 128 bit SSL Network for robust security
Inbuilt data segregation leading to security
Increased efficiency and decreased operational risk, costs and back-office efforts
Eliminates delays that can lead to increased risk of failed trades and higher costs
Real Time Communication
Real-time communication of trade & Settlement confirmations, and affirmations
NSEIT is a strategic business unit of National Stock Exchange of India (NSE) and carrying that legacy and brewed experience of capital markets we provide dedicated technology based solutions in the field of capital market to leading financial institutions and brokerage houses globally. Our unique, hub platform is purpose-built which enables us to incorporate our capabilities, broadening and simplifying end user experience thereby improving risk mitigation and reducing complexities. Everything we do is underpinned by our core values of trust and partnership, which enables us to provide open and innovative technology solution that truly is transformational. So is our messaging platform designed for seamless communication.
Our DNA breeds Digital excellence for Capital Markets and Non-Banking Financial Companies
Gain that competitive edge with our end-to-end purpose-built trading solution
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Schedule a meeting with our specialist to learn how our services can
transform your business.