The move means ICE’s clients can connect their back office directly into the exchange’s transaction system to send automated straight-through-processing (STP) post-trade reports.

A spokesperson for Logicscope said that: “ICE has one of the fastest latencies in the industry at around the three millisecond level, but that doesn’t matter if the trade has to churn through a sluggish back-office process.

Clients can piggyback on brokers for direct market access (DMA) but to price risk and set margins effectively brokerage firms require real-time post-execution reports of trades.”

This year promises to be a busy one for a company that began making back office solutions for FX trading then expanded into derivatives.

Logicscope has already been deployed with CME, ICE and OMX, but in 2010 its business director Nick Dyne said that the firm will roll out TradeSTP at 18 further derivatives exchanges, including Eurex and NYSE Euronext.

Dyne said: “Our USP is the drop copy feature, which generates multiple reports after a trade is executed. These are then automatically sent at ultra high speed to all the relevant parties. This copy interfacing process benefits traders, brokers and the clearing house by speeding up and generally increasing the efficiency of the trade.”