DTCC鈥檚 STP suite sees record-breaking 2016
08 February 2017 London
Image: Shutterstock
The Depository Trust & Clearing Corporation (DTCC) suite of institutional straight-through processing products processed a record number of almost 1 billion trades in 2016.
The products automate trade lifecycle events between 3,800 investment managers, broker dealers and custodian banks, for trades including equities and fixed-income.
DTCC鈥檚 suite includes the Omgeo Central Trade Manager, a platform for central matching of cross-border and domestic transactions; Omgeo OASYS, a US domestic trade allocation and acceptance service; and Omgeo TradeSuite IS, an automated electronic trade agreement service.
Matthew Nelson, managing director of global product and strategy at DTCC鈥檚 Omgeo: 鈥淒TCC recently introduced reduced pricing for clients who use TradeSuite ID and Omgeo CTM, plus a new, simplified rate card and billing transparency tool for TradeSuite ID users鈥攅nabling clients to significantly reduce costs and improve budgeting.鈥�
Paula Arthus, managing director and head of Omgeo and data services at DTCC, said: 鈥淎s a user-owned and governed firm, DTCC takes very seriously its role in advancing solutions that help to secure and shape the future growth and development of the marketplace.鈥�
She added: 鈥淒TCC鈥檚 mission is to create market efficiencies and reduce costs, and that鈥檚 precisely what we鈥檙e doing with our institutional trade processing suite of products.鈥�
The products automate trade lifecycle events between 3,800 investment managers, broker dealers and custodian banks, for trades including equities and fixed-income.
DTCC鈥檚 suite includes the Omgeo Central Trade Manager, a platform for central matching of cross-border and domestic transactions; Omgeo OASYS, a US domestic trade allocation and acceptance service; and Omgeo TradeSuite IS, an automated electronic trade agreement service.
Matthew Nelson, managing director of global product and strategy at DTCC鈥檚 Omgeo: 鈥淒TCC recently introduced reduced pricing for clients who use TradeSuite ID and Omgeo CTM, plus a new, simplified rate card and billing transparency tool for TradeSuite ID users鈥攅nabling clients to significantly reduce costs and improve budgeting.鈥�
Paula Arthus, managing director and head of Omgeo and data services at DTCC, said: 鈥淎s a user-owned and governed firm, DTCC takes very seriously its role in advancing solutions that help to secure and shape the future growth and development of the marketplace.鈥�
She added: 鈥淒TCC鈥檚 mission is to create market efficiencies and reduce costs, and that鈥檚 precisely what we鈥檙e doing with our institutional trade processing suite of products.鈥�
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