Post-trade platform for derivatives, truePTS, has launched having completed its first buy-side transaction between JP Morgan and Citadel. While derivatives trading and execution has improved with the migration to electronic venues on the back of regulatory changes, truePTS is looking to plug the gap downstream, where there are inefficiencies due to reliance on legacy post-trade systems. The company will be working closely with a number of banks including JPMorgan, Barclays, Deutsche Bank, UBS, Credit Suisse, Goldman Sachs, Citigroup, HSBC, Santander, Standard Chartered Bank and UBS as well as
Post-trade platform for derivatives, truePTS, has launched having completed its first buy-side transaction between JP Morgan and Citadel. While derivatives trading and execution has improved with the migration to electronic venues on the back of regulatory changes, truePTS is looking to plug the gap downstream, where there are inefficiencies due to reliance on legacy post-trade systems. The platform is expected to appeal to buy-side firms, with truePTS aiming to cut clients' costs by automating workflows, providing transparency and ensuring regulatory compliance.