Sterling Trading Tech has announced an expansion of its Sterling Risk & Margin (SRM) service to include fixed income instruments, broadening the current offering. The firm’s platform already supports equities, options, futures, forex, and cryptocurrencies.

Sterling Trading Tech Expands Risk & Margin Service to Include Fixed Income Instruments

The updated service offers access to market data for various bond types, including sovereign, corporate, convertible, and municipal bonds, with coverage extending across U.S. and international markets.

Sterling’s fixed income module incorporates risk analytics such as interest rate shocks, margin calculations defaulting to FINRA requirements, and overrides at the company, symbol, and account levels. Fixed income exposure is also integrated into Value-at-Risk (VAR) calculations, allowing clients to assess portfolio composition, evaluate margin requirements, and stress-test securities against interest rate volatility.

“Firms must have the tools to effectively manage their risk across all asset classes, especially as yields rise and fixed income exposure increases,” said Brian Saldeen the Senior Product Manager at Sterling’s Risk & Margin division.

“We understand their need to measure and mitigate risk in a highly regulated environment. Our approach integrates asset classes, risk exposure, and regulatory compliance into a single, comprehensive offering.”

Sterling also announced plans to extend its capabilities further to include mutual funds, signaling continued efforts to meet the needs of its diverse client base, which spans brokers, clearing firms, and proprietary trading groups across over 20 countries.

Former Fidessa Exec Joins Sterling

In late January, it was announced that the provider of trading technology solutions had appointed Chris Contrino to its business development team. In this role, he will concentrate on expanding the company's international presence and diversifying its product offerings.

"We are committed to our clients' success, as reflected in the confidence they have in our approach and offerings," said Jennifer Nayar, Sterling's CEO. "As Sterling continues to expand globally, attracting top talent is crucial to ongoing success."

Contrino brings extensive industry experience, having previously worked as a Customer Service Manager at Trading Technologies. His background also includes roles at Eventus and Fidessa, where he focused on derivatives technology. Additionally, as a Brown University graduate, he gained firsthand market experience as a trader at The New York Mercantile Exchange.

Throughout 2024, the firm has seen growing interest in its products, particularly in cross-asset trading solutions. Its ongoing development efforts prioritize regulatory compliance, competitive performance, and technological innovation in global trading markets.