Osttra to launch Treasury clearing middleware

Mid-year delivery expected for system that aids credit checking for repo trades

Osttra HQ, London Fruit and Wool Exchange
Osttra’s UK offices at the London Fruit and Wool Exchange
Chris Lawrence/Alamy Stock Photo

Post-trade technology firm Osttra has confirmed that it is developing middleware services for US Treasury repo clearing, with a mid-year delivery date ahead of the clearing mandate taking effect in the US.

The firm plans to provide a “centralised limit hub” to support pre- and post-trade credit checks for repo transactions, says Steve French, commercial lead for FX and securities at Osttra.

The service will apply to so-called done-away trades – a model of clearing whereby a dealer sponsors trades

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