Order management, risk and margin technology provider Sterling Trading Tech will support fixed income securities by the end of Q2 2024, it has announced.
This will allow clients to view fixed income securities in the Sterling Risk and Margin (SRM) user interface and see how they contribute to portfolio values and margin requirements, the firm said. In addition, fixed income securities will be able to be stressed within interest rate shocks in order to discern their contribution to portfolio risk.
FINRA margin requirements will be used, with company and account level overrides also possible.
The company has stated its intention to cover mutual funds later in the year.
Brian Saldeen, senior product manager for risk and margin at Sterling, said: “Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space.
“We understand their need to measure and mitigate risk in a highly regulated environment. Our approach accounts for asset classes, risk exposure, and regulation in one service offering.”
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