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OTAP Securities Trading Implementation

Temenos Transact Securities Trading Implementation OTAP sarl specializes in implementing Straight-Through Processing (STP) for securities trading using Temenos Transact with integrated SWIFT messaging capabilities.

Straight-Through Processing for Securities Trading

In today's competitive financial landscape, efficient securities trading operations are critical for investment banks, brokerage firms, and wealth management institutions. OTAP leverages Temenos Transact's robust capabilities to implement true Straight-Through Processing (STP) for securities trading operations, eliminating manual interventions and reducing operational risks.

End-to-End Automation

Our implementation enables automated processing of trade orders from initiation through execution, confirmation, settlement, and accounting, reducing manual touchpoints and minimizing errors.

Regulatory Compliance

Built-in compliance checks and validation rules ensure adherence to regulatory requirements like MiFID II, EMIR, and local securities regulations across various markets.

Multi-Asset Support

Comprehensive support for equities, fixed income, mutual funds, ETFs, and other investment products through a single platform with consistent processing rules.

Real-Time Processing

Trades are processed in real-time with immediate updates to positions, risk exposure, and client accounts, enabling better decision-making and client service.

Securities Trading STP Flow

Our implementation creates a seamless flow from order capture to settlement with integrated SWIFT messaging at critical touchpoints:

Order Capture - Order initiated via channels or received through order message (MT502)

Order Execution - Execution with status notifications (MT509)

Trade Confirmation - Confirmation processing and client notification (MT513)

Settlement - Automated settlement initiation and confirmation (MT515)

SWIFT Message Integration

OTAP's implementation specializes in integrating critical SWIFT message types for securities trading, enabling standardized communication with counterparties, custodians, and market infrastructures. Our solution configures Temenos Transact to process these messages automatically, extracting relevant data to update trading systems while generating appropriate responses.

MT502

Order to Buy/Sell

We implement full automation for receiving and processing MT502 messages for order initiation from external parties, with validation rules to ensure order details are captured correctly and mapped to Temenos Transact trading workflows.

MT509

Trade Status

Our implementation enables automatic generation and processing of MT509 messages to communicate trade status updates. These statuses are synchronized with the internal workflow states in Temenos, ensuring consistency between internal and external status reporting.

MT513

Client Confirmation

We configure the system to generate and process MT513 messages for trade confirmations, with automated reconciliation against trade details and exception handling for discrepancies, ensuring accurate client communication.

MT515

Client Settlement Confirmation

Our implementation handles the automated processing of MT515 messages for settlement confirmations, with direct updates to the Temenos core banking system for position and cash management, completing the STP cycle.

Our Securities Trading Implementation Services

Business Process Analysis

Comprehensive review of your current securities trading processes to identify optimization opportunities and design efficient STP workflows tailored to your business requirements.

Temenos Transact Configuration

Expert configuration of Temenos Transact's securities trading modules, including order management, execution, position keeping, and settlement functions with automated workflows.

SWIFT Message Integration

Implementation of SWIFT connectivity and message processing for securities trading, including MT502, MT509, MT513, MT515, and other relevant message types with full validation and exception handling.

Market Connectivity

Implementation of connections to trading venues, custodians, and market infrastructures through standardized protocols and adapters, enabling seamless trading across multiple markets.

Regulatory Reporting

Configuration of automated regulatory reporting capabilities for trade and transaction reporting to meet requirements across different jurisdictions.

Performance Optimization

Fine-tuning of system configuration to ensure optimal performance, even during high-volume trading periods, with monitoring and alerting mechanisms.

User Training

Comprehensive training programs for front office, middle office, and back office users to ensure effective utilization of the implemented system.

Post-Implementation Support

Ongoing support services to ensure smooth operation of the securities trading platform, with periodic reviews and optimization recommendations.

Success Stories

European Private Bank Modernizes Trading Operations

A leading European private bank with operations across multiple countries engaged OTAP to implement Temenos Transact for securities trading with fully automated SWIFT messaging. The bank was struggling with high operational costs due to manual processing and facing increasing regulatory pressure to improve trade processing transparency.

OTAP's Approach:

  • Implemented Temenos Transact securities module with STP workflows
  • Configured SWIFT integration for all trading messages including MT502, MT509, MT513, and MT515
  • Created automated reconciliation processes between trading, settlement, and custody systems
  • Implemented straight-through exception processing with intelligent routing of issues to appropriate teams
  • Integrated with multiple market connectivity channels while maintaining a single operational view

Pepper Bank's Mobile Securities Trading Implementation

OTAP consultants were engaged as part of the Temenos implementation team for Pepper Bank in Tel Aviv. The project focused on implementing a comprehensive mobile securities trading solution on Temenos Transact that would enable trading of both domestic Israeli securities and US market instruments. OTAP specialists contributed their expertise in securities processing and SWIFT messaging to the broader implementation team.

OTAP's Contribution:

  • Led the configuration of SWIFT messaging integration for international trade processing (MT502, MT509, MT513, MT515)
  • Designed and implemented dual-market trading workflows within Temenos Transact for Tel Aviv Stock Exchange and US markets
  • Developed specifications for the APIs connecting the mobile application with the Temenos back-end
  • Configured the STP processes for automated order routing, execution, and settlement across both markets
  • Implemented automated exception handling for cross-border trades
  • Worked with the bank's compliance team to configure regulatory reporting for both Israeli and US regulatory frameworks

Project Outcomes:

  • Successful launch of the mobile trading platform supporting both domestic and US securities
  • OTAP consultants received commendation from Temenos for their specialized contribution to the project