Sterling Trading Tech Formed Data Integration Partnership
The collaboration will give over 100 client firms access to new transaction cost analysis tools for their trading portfolios.
Updated on Oct. 14, 2026 in Investing
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Sterling Trading Tech and Atlas Digital Markets announced a partnership to integrate a new transaction cost analysis engine into the Sterling platform. This technology allows client firms to evaluate the quality of their trade executions across equities, options, and digital assets.
Why it matters
Broker-dealers are under pressure to demonstrate best execution practices, and this integration provides firms with the data necessary to verify execution quality. It addresses the growing need for precise internal reporting within secure data environments.
The platform serves more than 100 clients who will gain access to this integrated analysis capability. The tools allow these firms to measure execution quality against internal order data.
The players
Sterling Trading Tech
A financial technology provider offering order management and trading platforms to over 100 institutional clients.
Atlas Digital Markets
A Jersey City-based firm specializing in digital asset trading technology and transaction cost analysis.
The details
The integration connects the Atlas transaction cost analysis engine directly to the Sterling OMS 360 platform, pulling order and execution data from the Sterling Data Warehouse. This automated flow allows traders to analyze execution quality without moving sensitive information outside of the secure Sterling environment. It is designed to assist firms in maintaining compliance with best execution standards as they manage diverse asset classes.
Timeline
October 14, 2026: Companies announced their technology collaboration in Chicago.
Q4 2026: The transaction cost analysis tool is scheduled to become available to Sterling clients.
Money Landscape
This partnership arrives as the SEC considers potential changes to the Order Protection Rule, which governs how market orders are handled. It follows a broader trend where broker-dealers are seeking automated tools to evidence best execution practices.
The integration provides firms with more granular data to assess their trade performance and execution costs. If you are an investor using these platforms, consult with a financial professional to understand how improved execution metrics might impact the performance of your long-term portfolio strategies.
The takeaway
This partnership highlights the industry shift toward using internal data to prove trade execution quality. Investors should remain aware that as broker-dealer technology evolves, the transparency of trade costs may improve, providing more clarity on institutional performance metrics.
Further reading
For more information on market infrastructure and brokerage technology, visit our Investing section.
Source note: This article includes information reported by The Manila times.
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