XTP Cleared Derivatives Suite by ION

The XTP Cleared Derivatives Suite, developed by ION, is a solution designed to automate workflow throughout the trade lifecycle for Cleared Derivatives. This suite is specifically tailored for derivatives trading firms and is aimed at financial institutions, investment banks, hedge funds, asset management firms, and commodity trading firms. According to the vendor, the XTP Cleared Derivatives Suite provides real-time settlement, risk management, exchange connectivity, and regulatory reporting, which can streamline operations and enhance decision-making for businesses in the derivatives trading industry.

XTP: According to the vendor, this feature allows businesses to scale and simplify their derivatives clearing processes by processing real-time settlement, risk management, exchange connectivity, and regulatory reporting.

XTP Clearing: The vendor claims that this feature is capable of processing millions of trades per day with high straight-through processing (STP) rates of over 99.99%. It provides real-time visibility into the business, allowing for effective monitoring and decision-making.

XTP Execution: The vendor states that this feature fully automates the cleared derivatives trade workflow by integrating order management and advanced execution capabilities. It also provides connectivity to global markets.

XTP Front-to-Back Suite: According to the vendor, this feature unifies cleared derivatives execution, order management, and post-trade processing in a single, automated, real-time workflow. It streamlines the entire trade lifecycle, from order execution to settlement and regulatory reporting.

XTP Match: The vendor claims that this feature meets reconciliation needs and simplifies existing workflows by automating the reconciliation process for cleared derivatives trades. It efficiently matches and resolves trade discrepancies.

XTP Risk JANUS: According to the vendor, this feature tracks positions, profit and loss (P&L), and margin exposure in real time. It monitors risk across cleared derivatives portfolios and generates risk reports and analytics to support risk management decisions. It also provides real-time alerts for risk breaches.

XTP Spark: The vendor describes this feature as an advanced back-office trade processing platform with quick deployment and a user-friendly interface. It supports efficient trade processing and settlement, automating post-trade workflows and providing real-time visibility into trade status and settlement activities.