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FAQ

Frequently Asked Questions Central Counterparty Clearing™
  1. Does your provider offer access to a comprehensive suite of brokers and services in all major markets?
    ESP does. We provide routing access to over 250 execution venues in 23 markets and growing.
  2. Do you maintain full transparency with your brokers for trading and support purposes and the flexibility to maintain different commission rates for each service?
    ESP does. We can pass along the information in the trade so that your broker can service you at your negotiated rates.
  3. Does your provider offer clearing savings analysis for the purpose of evaluating the cost savings and custodial ticket reductions experienced through use of centralized clearing?
  4. Can individual transaction details still be maintained for broker TCA and commission-tracking purposes in your OMS and/or downstream accounting systems?
    Yes. We provide many options for maintaining broker and commission details.
  5. Can your provider handle centralized clearing of away-trades routed through your other network connections?
    ESP can. Our system is capable of taking in and clearing away-trades from buy-side clients and brokers.
  6. Is your provider integrated with allocation and settlement instruction systems, such as Global Oasys and Central Trader Manager (CTM)?
    ESP is. We are integrated directly with most major settlement and instruction systems and are capable of taking settlement and allocation instructions from buy-side clients via FIX.
  7. Are you still able to get commission credit with your brokers and pay for research through your provider?
    Yes. Our network can provide complete transparency and commission flexibility between its buy-side clients and participating brokers.
  8. Your provider support centralized clearing for Wrap/SMA accounts?
    Yes. ESP's Central Counterparty ClearingTM service is also capable of aggregating away-trades for Wrap and SMA managers.
  9. Does your provider offer routing flexibility to direct orders to specific brokers and services through your choice of EMS or OMS? Yes. All buy-side clients have full control to direct orders to any approved broker or execution venue on the ESP network.