Trade Reporting

BondHub™ service portal offers straight-through processing (STP) capabilities which can streamline post-trade reporting of trades. Once the order is executed, the trade report is sent back to BondHub and routed to the clearing service or other system. This instantaneous processing assures that the firm can meet regulatory and compliance reporting requirements without any manual involvement of trading or operations staff.
A component of the FTLabs BondHub system, referred to as clearing gateway, is used to communicate with the clearing vendor. The clearing gateway translates the trade message to the proprietary communication protocol used by the firm’s clearing provider (for example, Pershing’s UTF format) and routes to the clearing firm for processing. Acknowledgements and other alerts messages from the clearing provider are translated and routed back to the trader for storage or processing locally.