STP-Gate Messaging
Secure Transaction Processing Gateway services
A robust, secure and straight-through-settlement processing platform providing online trading member interface between fund houses, custodians and brokers, based on ISO-15022 messages. It provides secure connectivity to STP market participants, along with online status and message flow. STP-Gate offers messaging solutions for equity, derivatives and debt segment. STP-Gate has an elite clientele comprising over 175 Investment Managers, over 375 Trading Members and all the leading custodians in India as well as a few FIIs.
Features
- Enables flow of contract note and related messages between the brokers, fund houses and custodians in Standard ISO-15022 electronic messaging format
- Facilitates online status monitoring at all stages e.g. confirmations/ rejections/ accept/ give-up by the counterparties
- Enables to upload and download contract notes along with trade details, broker acknowledgments, settlement instructions and reconciliation
- Facilitates authentication of messages with the help of digital certificates
- Enables creation of multiple users and allows:
- Adding and modifying of users
- Assigning rights to the users
- Ensures availability of data online thus saving the effort of manually keying it into a third party software
- Enables view of -
- User-wise logs of files uploaded/ downloaded
- History details based on the status
- Various activities performed
- Entities that are online
- Counter for the number of specific file downloads
Value Proposition
- Risk Mitigation and Reduced Process Time - Online status update and information availability leading to reduced process time and risk in comparison to the scenario, where clients would have to call each other to confirm obligation status
- Increased Automation - Seamless flow of information in electronic format and use of digital signatures resulting in increased automation and efficient operations
- Interoperability - Implementation of standardised multiple messaging formats and software in a centralised hub leads to immense time and cost advantage for end-clients.
- Complete and Secure Connectivity - Continuous connectivity among the different entities allows real-time message flow under a 128 bit SSL secure network.