Sterling Trading Tech sees record growth in 2020
Sterling Trading Tech (STT), a specialist in technology solutions for equity, equity options, futures and digital asset trading, has reported record growth companywide in 2020.
The growth STT experienced in 2020 comes from increases in activity from existing clients, client base expansion, and new product introduction. STT consistently scaled its operations to continue providing customers with industry leading service.
Sterling Trading Tech expanded its client base by 20 per cent in 2020. The firm onboarded multiple blue chip clients, including new publicly traded clearing firms which integrated the newest STT product, the cloud-based Sterling Risk and Margin System.
New offerings for 2020 included integrating the ability to trade crypto assets on its trading platforms, instituting CAT reporting, automated risk limit notifications emails for brokerage clients, and advances in STT’s market leading connectivity solutions. Furthermore, STT won the A-Team Group Trading Tech Insight USA Award for Best Solution for the Consolidated Audit Trail (CAT) Reporting.
Sterling Trading Tech CEO, Farid Naib, says: “2020 was a challenging year for our clients, and I’m pleased that our team was able to scale to meet the needs of our new and existing clients. One of the trends we saw was firms looking to decrease time needed for vendor management by consolidating their technology needs with a single vendor. With our mix of platforms solutions, including the Sterling Ecosystem which integrates desktop, web and mobile solutions, as well as our compliance, connectivity and risk solutions, STT was uniquely positioned to capitalise on this trend.”
STT plans to continue its growth worldwide by adding new markets, rolling out new products and continuing to expand its business development team both in the US and abroad.
“Based on our growth trends, it is clear that firms are in need of outsourcing their trading technology and risk management needs favouring vendor consolidation and cloud-based solutions, and we look forward to serving them,” states Managing Director of Business Development, Andrew Actman.