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Sterling Trading Tech processed record 8.2 per cent of all traded US stock volume in December

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Sterling Trading Tech (STT), a specialist in trading platforms, compliance, risk and infrastructure solutions for equity, options and futures trading, processed record stock volume in December 2020.

With the markets experiencing increased volume and volatility, Sterling’s buy side and sell side clients were very active. As a result, in December of 2020 Sterling systems touched 8.2 per cent of all traded US stock volume, a record for the firm. Further, the daily volume of equities Sterling processed in the month of December averaged 905 million.

Farid Naib, STT’s CEO, says: “Our team never missed a beat even when a large part of the team was forced to work remotely due to Covid-19. Increased market volatility translates to larger amounts of users, activity and order flow at the same time. We’ve been able to prove that our best-in-class infrastructure can handle the needs of the global trading climate offering our clients a stable environment during peak moments of volatility.”

Stock volume exploded this past year from both professional and retail market participants due to a multitude of components including Covid-19, zero commissions, market volatility, vaccine news, and election results. Total U.S. equity market volumes have been high since the end of February 2020, resulting in the average daily volume increase from 7 billion in 2019 to 10.9 billion in 20201.

“Throughout 2020 we saw a majority of our clients increase both their numbers of traders and average individual trader volume, which culminated in December bringing us to our highest volume month to date,” states Jim Nevotti, President of Sterling Trading Tech.

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