Wall Street Systems will partner with Logicscope, a provider of automated post-trade notification and straight-through-processing (STP).
Under the terms of the partnership, Logicscope’s TradeSTP post-trade notification software will be integrated with the Wallstreet FX ASP application. That will enable clients of Wall Street Systems to receive details of executed trades in real-time, facilitating more efficient STP and enhancing operational risk management processes.
“By integrating these two products, our clients will benefit from fully automated, real-time post-trade notification, which becomes increasingly more important as electronic trading volumes continue to soar,” says Rick Schumacher, product manager at Wall Street Systems. “Our partnership with Logicscope is intended to further streamline transaction processing — freeing up resources and enabling our clients to focus on their core business activities.”