With standardized ISO messaging using both 15022 and 20022 formats STX communicates both with CSDs and custodians. Built for flexibility, the system supports both OTC and on-exchange trades, including CCP net settlement instructions. Not only does the system support multi-custodian setups and multiple currencies, it also supports multiple asset types, different client segments and multi-listed securities. The settlements module has full support for all aspects of settlements, actual and contractual settlement models, partial settlements, hold and release control, cancellations and automated FX.
As a part if of the STX product suite, STX/SET communicates fully with STX/SAFE and updates client account holdings and transactions.
STX Settlements allows the operational team to have full oversight and control over the settlement process.
With standardized ISO messaging using both 15022 and 20022 formats STX communicates both with CSDs and custodians. Built for flexibility, the system supports both OTC and on-exchange trades, including CCP net settlement instructions. Not only does the system support multi-custodian setups and multiple currencies, it also supports multiple asset types, different client segments and multi-listed securities. The settlements module has full support for all aspects of settlements, actual and contractual settlement models, partial settlements, hold and release control, cancellations and automated FX.
As a part if of the STX product suite, STX/SET communicates fully with STX/SAFE and updates client account holdings and transactions.
STX Settlements allows the operational team to have full oversight and control over the settlement process.
