Product Features
The onExchange Extensible Clearing System (ECS) provides the following features to assist banks, brokerages, exchanges, and clearinghouses achieve their business goals.

Broad Range of Instruments
ECS can support a broad range of instruments across multiple markets. New instruments can be authored instantly without any programming.
Technology Platform
ECS is built upon market-leading infrastructure software for high performance and scalability, and uses open standards and a J2EETM framework to allow easy extension of the system.
Easy Integration
ECS uses a flexible and extensible architecture to allow easy integration with existing systems and rapid implementation time.
Real-Time Transactions
ECS provides continuous, real-time processing of transactions and real-time updating of price and currency information.
Straight-Through Processing (STP)
ECS was designed for STP environments, enabling immediate processing, trade confirmation and exception notification for all transactions.