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Sterling OMS & Infrastructure

Sterling offers the fastest, most reliable OMS to streamline your operations and increase efficiency.


Set and update pre-trade risk controls, manage and interact with order flow and positions in real-time via either the STT REST API or advanced OMS Console.

9,000 Messages Per Second

Scale your business with the ability to support up to 9,000 messages per second.

Single or Multiple Clearing Firms

Clients can utilize STT’s OMS across single or multiple clearing firms.

Compliance Reporting

STT OMS supports end-of-day compliance reporting and detailed trade reporting to seamlessly integrate into existing back-office processes.

Global Connectivity

Sterling’s infrastructure solutions offer global connectivity to multiple exchanges and trading networks along with on demand custom development solutions.

Advanced OMS Functionality

Enhanced Pre-Trade Margin Calculations for Options

Ability to calculate pre-trade margin calculations for options including utilizing the risk reducing properties of spreads

Rules Engine

Ability to define custom rules for pre-trade checks

Notional or Fractional Quantities

Satisfy your customers’ needs to trade in less than whole shares

Advanced Order Types

Support of conditional orders for advanced trading strategies

Routing Wheel

Distribute order flow based on defined rules or randomly

Order Preview

Provides the ability to view credit and cost impact of orders to help investment decisions

Review and Release

Define rules results for a second look at orders

Algorithmic Orders

Ability to use algorithmic order types with several providers

Risk Controls

Select from a menu of order validation and risk exposure pre-trade controls

Cryptocurrency Trading

Connect to a major crypto trading and clearing service

OMS Snapshot

Data Center Location:

Secaucus NY4

Peak Message Rates Supported:

Up to 9,000 messages per second

Order Latency:

Less than 1 Millisecond

Hours of Operation:

2am EST to Midnight EST

Instruments Supported:

US Equities, US Options (single leg and multi-leg), CAD Equities

SOD Files Supported

Buying Power, Positions, Easy To Borrow, Non-Standard Margin

EOD Files Generated:

Clearing Files, Daily Trade Blotters, Order Lifecycle, Custom BD Reports

Platforms Supported:

All Sterling platforms; Third-party Fix APIs; Graybox; EZX; Succession; GoTrader; MarketTrader; ETNA; Valdi; Flextrade; DAS

Drop Copies Supported:

Inbound and Outbound Supported via Fix 4.2 for all instruments.

Risk GUI Available:

Yes. GUI available both for full risk control or in “view only” mode.

15c-3 Risk Controls Supported:

All 15c-3 Risk Controls Supported

Position Management:

Risk GUI allows clients full position and order management at both aggregate unit level and individual account level.

Pre-trade / Post trade Risk:

Aggregator risk controls are pre-trade; Post trade risk available with integration of Sterling Risk Engine (SRE)

Reject Notifications:

Orders that do not pass risk checks are rejected back to trader with easy to understand reject text notification.

Order Routing Controls:

Orders can be routed based on Aggregate Unit, Individual Account, Platform, Symbol, Listing Exchange, TIF, Order Type, Time and Price.

APIs Supported:


Sterling OMS Overview

Pre-Trade Controls Matrix

Aggregate Unit Control Individual Account Control Equities Options
Order Side Marking
Buying Power/Margin
Night Buying Power Control
Complex Option Margin
Portfolio Margin
Margin Based on Price NO
Margin Based on Symbol
Max Loss
Average Daily Volume (ADV) Filter
Duplicate Order Check
Max Price Variation from Bid/Ask
Max Symbol Concentration
Set Options Levels Approved
Pattern Day Trading Controls N/A
Per Order Control – Max Quantity
Per Order Control – Max Notional
Per Order Control – Max Price Threshold
Per Order Control – Max Open Orders
Symbol Control – Symbol Blocking
Symbol Control – Minimum Price Restriction
Symbol Control – Maximum Price Restriction
Position Control – Max Long Position Value
Position Control – Max Short Position Value
Position Control – Max Open Notional Value
Rules Engine Pre-Trade Check
Trading Network

STT’s deep trading network allows you to integrate with exchanges, trading networks and clearing firms worldwide.

Trade Reporting

Sterling provides client reporting solutions to seamlessly integrate into your back office processes.

Start-of-Day Data

STT can accept Start-of-Day data for all client accounts via automated upload.

SOD Position Uploads:

STT can load start of day positions for each client account from the clearing firm of record.

SOD Buying Power/Margin Uploads:

STT can load start of day account buying power or margin for each client account from the clearing firm of record.

Easy to Borrow (ETB) Lists:

STT can load ETB lists to determine which securities are easy to borrow for shorting in client accounts.

Locate Lists:

STT can load lists of securities that have been pre-located by the client for their accounts.

End-of-Day Data

STT has the ability to generate End-of-Day data for all client accounts via ftp or file transfer.

Trade Reports:

STT can generate a nightly trade blotter that includes all executed trades and associated trade details.

End-of-Day Position Reporting:

STT can generate a position report to show all ending positions in each client account including account, ending position quantity and position price.

Clearing Firm Files:

STT can generate end of day Clearing files based on the specifications of each individual Clearing Firm.

Compliance Reporting

STT has the ability to generate compliance data for client regulatory reporting to FINRA and the SEC.

CAT Reporting (Consolidated Audit Trail):

STT is fully certified for Consolidated Audit Trail (CAT) reporting and can generate CAT reports and submit on behalf of clients.

SEC 606 Reporting:

STT supplies 606 data in standard IHS Markit format only. STT is not a 606 vendor.

Lifecycle Reports:

STT can generate Lifecycle Reports that provide timestamped details of all order activity, including when orders are sent, confirmed, executed, canceled and rejected.

Sterling Entitlement Manager (SEM)

A fully automated market data approval process solution. The Sterling Entitlement Manager quickly and efficiently allows traders to electronically sign market data agreements.

SEM Highlights

  • Fully automated onboarding and verification process for both professional and non-professional traders
  • Prevents data from being turned on until approval from the exchanges are granted
  • Compliant with the exchange policies and requirements
  • Market Data is activated on the platform once approval from the exchange is granted
  • Each electronically signed agreement is available for PDF download and also automatically sent to the appropriate exchange.
  • All electronically signed forms are stored as PDFs in the SEM

Professional Subscribers

Traders who are not employees of a firm must sign individual professional agreements directly with each exchange.

Non-Professional Subscribers

SEM captures all the data points required to verify the non-professional status of traders.

Sterling Trader® Manager

Providing risk managers with live account management, full market access and trading capability. Sterling Trader® Manager provides real-time innovative risk and trading management tools that let clients control pre-trade risk, set account limits, and manage trading parameters.

Risk Controls

Sterling Trader® Manager offers pre-trade risk management and real-time risk control. These include everything from price thresholds (or “Fat-Finger” controls), to daily loss and buying power controls.

Manage Pre-Trade Risk & Real-Time Risk Control: Set anything from price thresholds (or “Fat-Finger” controls), to daily loss and buying power controls.

  • Order price threshold controls
  • Duplicate order checks
  • Pre-trade risk & position limits, even for individual symbols
  • Intuitive buying power controls and loss limits
  • Wash sale controls

Trading Features

Sterling Trader® Manager delivers effective risk control and trade monitoring. Managers have access to many of the same highly valued trading tools available on Sterling Trader® Pro, but with the added features designed for managing traders and trading in real-time.

Full Market Access and Trading Capability: Access to many of the same highly valued trading tools available on Sterling Trader® Pro, but with the added features designed for managing traders and trading in real-time.

  • Full trading functionality
  • Firm level portfolio view with position summary
  • Account Groups for streamlined management
  • Manage live trades in any account, trade out of positions, or input away trades
  • Instantly suspend traders or reactivate them

Ready to get started?

We look forward to learning more about your trading needs.

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