CreditMatch® offers Straight-through Processing (STP) through a real-time API, allowing users to extract price data and use it in their own market data systems and pricing engines on a real time basis. Customers are able to receive all CDS, bond and loan trades via the API, facilitating the trade capture process on the client’s side and automating the trade workflow.
CreditMatch® STP  provides the following benefits:

• Minimized errors due to trade manual entry and re-entry
• Reduced trade backlogs and shortened processing cycles
• More accurate view of a customer’s P&L
• Real-time deal capture and electronic trade notification
• FREE connection to GFI CreditMatch® customers

The STP service is offered on a global scale for both voice and electronic trades.  It boosts liquidity upstream in the trading process and is therefore integral to GFI's e-trading strategy.

CDS STP

STP is offered for CDS indexes (iTraxx, CDX, LevX), CDS index tranches (iTraxx, CDX) and single name corporate, financial & sovereigns.
Trade messages are offered in both standardised FpML format and JAVA format.

Bond STP and Affirmation

STP is offered for all types of cash and spread-based trades. Users are also offered the additional functionality of an integrated desktop affirmation screen, a web-based tool which enables traders to verify the details on all bond trades and assign an internal book before receiving them via STP. Trade messages are offered in a JAVA format.
Clients can also receive live CDS and bond prices through the same API connection, which can be manipulated and delivered to traders through any in-house solution.