Equity finance exchange OneChicago has introduced Order Audit Trail System (OATS) Order Sending Organization (OSO) services for its clients. The OneChicago OCX.NoDivRisk EFP trade will help firms execute point-and-click traded exchange for physical (EFPs) on the exchange.
The service is an exchange-traded, central counter party cleared, economic equivalent to OTC equity swaps, equity repos and securities lending transactions. The solution will also allow firms trading EFPs eliminate inefficiencies caused by manual processes and reduce operational risk.
Click here for the release from OneChicago.