Structured connectivity across exchanges and clearing systems

Trades executed on LME, SGX and EEX generate FIX post-trade messages that must be routed into internal systems.
Chinese clearing flows via CTP introduce additional connectivity logic.
FX execution across GTX and CBOE requires dedicated integration.

As venues expand, connectivity layers multiply and operational control becomes harder to maintain.

The Challenge

• Multiple FIX protocols across exchanges
• JSON-based routing into Blackstar
• CTP post-trade connectivity for Chinese clearers
• Separate Production and UAT environments
• New brokers and clearers requiring bespoke setup
• FX connectivity adding infrastructure complexity

Connectivity was growing venue by venue instead of as a unified architecture.

The Solution

Terranoha deployed a modular plug-in framework:

• FIX Plug-Ins for LME, SGX and EEX
• Structured routing into Blackstar
• CTP Post-Trade Plug-In for Chinese clearing flows
• Scalable model for onboarding additional CTP clearers
• GTX FX connectivity integration
• Standard FX Plug-In with CBOE configuration
• Dedicated UAT environments
• Centralised audit trail storage

Each connector operates within a governed execution layer ensuring routing, validation and traceability.

The Impact

• Standardised exchange connectivity
• Faster broker and clearer onboarding
• Controlled separation of Production and UAT
• Scalable Asian clearing integration
• Unified FX connectivity framework
• Reduced operational fragmentation

Outcome

Post-trade connectivity becomes structured and modular.

Exchange expansion no longer increases infrastructure complexity.

Execution remains controlled as the trading footprint grows.