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Strate expands offering to OTC derivatives market

As South Africa’s trusted and principal central securities depository and central collateral platform, we are pleased to announce we have reached a significant milestone in expanding our offering to the OTC derivatives market.

We have gone live with our solution to provide a digital post-trade confirmation matching process for over-the-counter (OTC)  derivatives – the first new security type to be added to our platforms in over a decade.

We are now ready to offer registry, settlement, asset servicing and data services to the OTC derivatives industry, through our existing platforms, to efficiently and cost-effectively connect local buy-side and sell-side market players.

The current OTC derivatives market processes are inefficient, fragmented and largely manual, which leads to delays and errors. The local industry is faced with the challenge of new margining regulations that come into effect in February 2023, further driving the need for digital solutions. Digitisation in the OTC derivative markets will enable the connection of all key players – sell-side, buy-side, administrators and regulators – digitally, robustly and with the right level of security.

The benefits of introducing OTC derivatives into our digital financial market infrastructure include:

  • Standardisation
  • Interoperability
  • Efficiency
  • Risk mitigation
  • Lower cost of trading

Our cost-effective solution for OTC derivatives is supported by FpML global standards (high-quality data at source) to enable the value chain to operate effectively and efficiently. This includes providing valid, accurate and complete information which can be used to support market transparency.

Please do not hesitate to contact Strate to discuss how we can partner with you to support your business. 

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