OSTTRA
- Company typePrivate
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What OSTTRA does
OSTTRA is a London-headquartered global post-trade technology provider serving the OTC and exchange-traded derivatives markets. Formed in 2021 through the combination of MarkitServ (originally IHS Markit), Traiana, TriOptima, and Reset (CME Group), and acquired by KKR in October 2023 at a $3.1 billion enterprise value, the company operates the largest multilateral post-trade network in the industry, connecting more than 2,000 OTC counterparties, 30+ globally systemically important banks in compression networks, 145 banking groups in basis-risk optimization, and 65+ electronic brokers and venues.
The platform combines trade processing, portfolio reconciliation, risk analytics, portfolio compression, and settlement orchestration across FX, rates, credit, repo, equity derivatives, commodities, bonds, ETDs, and digital assets. Core technology assets include MarkitWire (OTC trade confirmation and clearing connectivity), Traiana (post-trade workflow for credit and FX), the TriOptima suite (triReduce portfolio compression, triResolve multilateral reconciliation, triCalculate XVA and margin analytics running 10 trillion risk calculations per second), the Reset multilateral matching engine, triBalance counterparty risk optimization, TradeServ FX processing, Designation Notice Manager for FX prime brokerage, PvP Settlement Orchestration (with DLT integration via Partior and Baton Systems), and an in-house Swap Execution Facility. In October 2025 OSTTRA acquired HUB to embed AI-powered automation across the network, followed by the January 2026 launch of the OSTTRA Digital Assistant.
Revenue is generated primarily through transaction-based and recurring subscription fees on institutional multi-year contracts. Six major global banks (Bank of America, Barclays, Citigroup, HSBC, UBS, and Wells Fargo) made a combined $100 million strategic equity investment in February 2026 alongside majority owner KKR. The company has 1,001–5,000 employees and operates offices in London, Stockholm, Singapore, and Tokyo, serving global banks, asset managers, prime brokers, hedge funds, corporates, and ETD participants.
OSTTRA firmographics
Firmographics- Name
- OSTTRA
- Legal name
- OSTTRA Group Ltd.
- Website
- https://osttra.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
OSTTRA industry classification
Industry- Product category
- Post-Trade Financial Market Infrastructure
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)
- akta.pro secondary industries
- OTC Derivatives Execution Platforms (SEF/OTF/Swap Execution) (FSAFANAE), Electronic Bond Trading Networks (Dealer-to-Client / All-to-All) (FSAFACAE), OTC Derivatives Trade Repositories (Swaps/Derivatives Reporting) (FSAFAJAA)
Keywords
Where OSTTRA is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
OSTTRA business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Post-trade Processing Services: Fees charged to financial institutions for trade processing, confirmation, matching, and clearing connectivity services across OTC and exchange-traded derivatives. Revenue is transaction-based and volume-driven, tied to trading activity in global derivatives markets.
- Portfolio Optimization and Compression: Fees for portfolio compression, risk reduction, and optimization services that help firms reduce capital requirements and counterparty exposures. Revenue linked to notional amounts processed and frequency of optimization cycles.
- Reconciliation and Risk Analytics: Fees for portfolio reconciliation, XVA calculations, margin analytics, and collateral management services. Typically subscription or volume-based pricing.
- Regulatory Compliance Services: Services supporting regulatory requirements including UMR compliance, SA-CCR optimization, CSDR, benchmark reform, and reporting. Revenue from compliance and monitoring solutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Institutional Enterprise Pricing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
OSTTRA product offering
Product offeringCore offering
OSTTRA operates a global post-trade infrastructure platform for OTC and exchange-traded derivatives, providing electronic trade processing, confirmation, reconciliation, portfolio compression, XVA and margin analytics, and FX settlement orchestration. Its branded platforms (MarkitWire, TriOptima, Traiana, Reset, TradeServ, MarkitServ, and the OSTTRA SEF) connect 2,000+ counterparties, 30+ G-SIBs, 65+ electronic brokers, and major CCPs to automate post-trade workflows across rates, FX, credit, equity, repo, ETD, commodities, bonds, and digital assets.
Product overview
OSTTRA is a global post-trade solutions provider offering a unified platform-plus-modules architecture that combines MarkitServ, Traiana, TriOptima, and Reset (built on over 25 years of post-trade innovation) into an integrated post-trade network. The core MarkitWire platform provides OTC derivatives trade processing and confirmation, while Traiana handles credit and equity processing. TriOptima's triReduce, triResolve, and triCalculate modules deliver compression, reconciliation, and XVA calculations. Reset powers multilateral matching and basis risk optimisation. Supporting modules include TradeServ for FX CCP connectivity, triBalance for counterparty risk optimisation, PvP Settlement Orchestration for FX settlement risk reduction, Designation Notice Manager for FX credit documentation, OSTTRA SEF for trading venue requirements, and the AI-powered Digital Assistant. Services span pre-trade (margin analytics, credit limit management), post-trade processing (trade capture, matching, give-up messaging), trade lifecycle services (reconciliation, collateral management, XVA calculations, cash flow management), and optimisation (compression, counterparty risk optimisation, basis risk optimisation) across FX, rates, credit, repo, ETD, equity derivatives, cash equity, commodities, bonds, and digital assets.
Differentiator
Problem solved
Functional benefit
Brands
- MarkitServ: Trade processing and workflow solutions for derivatives and FX markets
- Traiana
- TriOptima
- Reset
- MarkitWire
- triReduce
- triResolve
- triBalance
- triCalculate
- OSTTRA SEF
- HUB
- TradeServ
- LimitHub
- Designation Notice Manager
- OSTTRA Trade Manager
- OSTTRA Digital Assistant
Products and services
- OSTTRA MarkitWire Electronic platform for OTC derivatives trade processing, supporting trade submission, affirmation, confirmation, and clearing connectivity across 65+ electronic brokers and regulated venues spanning FX, rates, credit, equity, and commodities.
- Traiana Post-trade processing and workflow solution supporting derivatives and FX markets from post-trade notices of execution, through trade confirmation and allocations, to clearing and reporting.
- TriOptima (triReduce, triResolve, triCalculate) Optimization and reconciliation suite for OTC derivatives comprising triReduce (portfolio compression), triResolve (portfolio reconciliation and margin dispute management), and triCalculate (XVA calculations and margin analytics).
- OSTTRA Reset Advanced multilateral matching engine for derivatives positions that identifies offsetting transactions between participants holding opposite risk for portfolio optimization and basis risk reduction across rates, FX, credit, and other asset classes.
- OSTTRA TradeServ Next-generation FX trade processing platform providing connectivity to major CCPs (CME, LCH, HKEX, Eurex, ICE Clear Europe) and supporting high-volume NDF and FX product processing with 64 active participants.
- MarkitServ End-to-end trade processing and workflow solution supporting derivatives and FX markets, from post-trade notices of execution through trade confirmation, allocations, clearing, and reporting.
- OSTTRA SEF Swap Execution Facility providing US-regulated trading venue connectivity and post-trade processing for swap transactions, supporting electronic execution under Dodd-Frank and CFTC requirements.
- OSTTRA Digital Assistant AI-powered widget integrated into OSTTRA platforms providing natural language interaction for client queries and intuitive access to services and documentation.
- HUB AI-powered automation platform acquired by OSTTRA in 2025 to replace manual investment workflows with streamlined, real-time data orchestration across the global post-trade network.
Quantifiable outcome
- $2,400 trillion gross notional compressed, eliminating operational and counterparty risk from the financial system
- +7 more outcomes
Companies that use OSTTRA
Customer profileNamed customers13 records
Segments6 records
Ideal customer profiles4 records
OSTTRA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability9 records
Feature10 records
OSTTRA partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and strategic.
- Tradeweb MarketscoreTradeweb completed the industry's first fully electronic swaption termination using OSTTRA's MarkitWire platform for post-trade processing. The integration enables clients to input MarkitWire IDs directly into Tradeweb's Swap Execution Facility for automated termination notifications.
- HUBcoreOSTTRA acquired HUB to integrate AI-powered automation into its global post-trade network, replacing manual investment workflows with streamlined, real-time data orchestration capabilities.
- PartiorstrategicOSTTRA expanded its FX PvP settlement orchestration service through integration with Partior's distributed ledger technology (DLT), enabling network participants to use tokenised commercial bank deposits for atomic PvP settlement and liquidity optimization.
- Baton SystemsstrategicOSTTRA partnered with Baton Systems to launch FX PvP settlement service, mitigating settlement risk in FX markets through distributed ledger technology integration.
- Eurex ClearingcoreOSTTRA added Eurex Clearing to its triBalance optimization service, bringing Eurex cleared contracts into counterparty risk exposure optimization runs.
- LCH SwapAgentcoreOSTTRA and LCH SwapAgent collaborate to reconcile bilateral OTC trade data, supporting theSwapAgent service for post-trade processing of bilateral OTC derivatives.
- FISstrategicOSTTRA and FIS are set to transform listed derivatives trade processing through strategic integration of ETD services.
- ICE Clear EuropecoreOSTTRA supported ICE Clear Europe credit clearing closure, transferring $330 billion in open interest and reaching 85% completion mark for open interest transferred.
- J.P. MorgancoreJ.P. Morgan FX Prime Brokerage achieved full adoption of OSTTRA Designation Notice Manager and turned to OSTTRA to cut Designation Notice onboarding times.
Scale indicators13 records
Recent moves9 records
Expansion highlights7 records
OSTTRA competitors and assessment
Company assessmentDirect peers
- CLS Group: CLS operates the largest multi-currency cash settlement system for FX trades, directly comparable to OSTTRA's TradeServ and PvP Settlement Orchestration services. Both serve G-SIBs and major asset managers with FX post-trade infrastructure, with CLS handling settlement and OSTTRA handling confirmation and reconciliation.
- AcadiaSoft (CME Group): AcadiaSoft provides margin messaging and confirmation services for OTC derivatives, directly competing with OSTTRA's triResolve Margin and MarkitWire in the bilateral collateral and affirmation workflow space. Acadia's MarginSphere integrates with OSTTRA's triResolve but also serves as an alternative pathway.
- Pirum Systems: Pirum provides securities finance post-trade services including connectivity, collateral management, and financing comparison across the securities lending market. Pirum competes with OSTTRA's repo and securities finance offerings and serves many of the same institutional clients including major custodian banks.
Broad incumbents
- DTCC: DTCC is the dominant US post-trade infrastructure provider for securities, operating FICC, NSCC, and ITP. While primarily securities-focused, DTCC's derivatives clearing and trade repository services overlap with OSTTRA's reconciliation and clearing connectivity, particularly for cleared OTC products.
- LCH (LSEG): LCH operates major clearing houses including SwapAgent for bilateral OTC derivatives. LCH is both an OSTTRA partner (LCH SwapAgent integration) and a competitor in post-trade workflow services, particularly for cleared OTC products where clearing houses increasingly absorb trade processing functions.
- CME Group: CME Group was OSTTRA's original 50/50 joint venture partner and major derivatives exchange operator. CME continues to influence OSTTRA through legacy product dependencies (Reset, TriOptima originated from CME) and competes in exchange-traded derivatives post-trade where it operates its own clearing services.
- Broadridge Financial Solutions: Broadridge provides post-trade solutions for securities processing, including trade processing, reconciliation, and data analytics. While primarily focused on cash securities and ETFs, Broadridge's capabilities overlap with OSTTRA TradeServ and trade processing services in the ETD and equity space.
- Euroclear: Euroclear is a major international central securities depository providing settlement and custody services. While OSTTRA focuses on derivatives post-trade, Euroclear's expansion into collateral management and tri-party services creates competitive overlap with OSTTRA's collateral management offerings.
Emerging players
- Baton Systems: Baton Systems provides DLT-based FX settlement orchestration, partnering with OSTTRA for PvP settlement while also building standalone settlement infrastructure. Baton represents both a partner and a potential competitive threat as on-chain settlement infrastructure matures.
- Partior: Partior operates a blockchain-based multi-currency settlement network backed by major banks including DBS, JPMorgan, and Standard Chartered. Partior is a strategic partner for OSTTRA's PvP orchestration but also competes in the broader tokenized settlement infrastructure layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
OSTTRA social profiles
Digital presenceOSTTRA financial estimates
Financial estimateRevenue estimate
Valuation estimate
OSTTRA leadership team
Management profileNumber of profiles
Profiles5 records
OSTTRA subsidiaries and ownership
Company hierarchySubsidiaries5 records
OSTTRA funding detail
Funding detailFunding overview
Funding rounds1 record
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OSTTRA M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OSTTRA
What does OSTTRA do?
OSTTRA operates a global post-trade infrastructure platform for OTC and exchange-traded derivatives, providing electronic trade processing, confirmation, reconciliation, portfolio compression, XVA and margin analytics, and FX settlement orchestration. Its branded platforms (MarkitWire, TriOptima, Traiana, Reset, TradeServ, MarkitServ, and the OSTTRA SEF) connect 2,000+ counterparties, 30+ G-SIBs, 65+ electronic brokers, and major CCPs to automate post-trade workflows across rates, FX, credit, equity, repo, ETD, commodities, bonds, and digital assets.
Is OSTTRA a public or private company?
OSTTRA is a private company. It is classified as private equity controlled and is currently operating.
When was OSTTRA founded?
OSTTRA was founded in 2021. It employs 1,001 to 5,000 people.
Where is OSTTRA based?
OSTTRA is headquartered in London, United Kingdom, in the Europe region.
How does OSTTRA make money?
Four revenue lines are on record. Post-trade Processing Services are the primary driver. The others are portfolio Optimization and Compression, reconciliation and Risk Analytics and regulatory Compliance Services.
Who are OSTTRA's main competitors?
Direct peers on record are CLS Group, AcadiaSoft (CME Group) and Pirum Systems. Broad incumbents are DTCC, LCH (LSEG), CME Group, Broadridge Financial Solutions and Euroclear. Emerging players are Baton Systems and Partior.
Does OSTTRA have an API?
Yes. OSTTRA provides electronic systems and platforms through which Services are made available, including APIs for connectivity and data exchange. The company offers APIs supporting designation notice management for uploading and extracting credit limits and client credit profiles automatically. APIs are used for trade processing, MarkitWire ID-based workflows, SWIFT connectivity for PvP settlement orchestration, and collateral management automation.
What industry is OSTTRA in?
OSTTRA's product category is Post-Trade Financial Market Infrastructure. Its primary akta.pro industry code is FSAFAEAB, Institutional Multi-Asset Trading Platforms (OTC/RFQ), with a secondary code of FSAFANAE, OTC Derivatives Execution Platforms (SEF/OTF/Swap Execution). Its NAICS code is 5231 and its SIC code is 6200.