The Depository Trust & Clearing Corporation, a post-trade market infrastructure for the global financial services industry, is partnering with Nomura Research Institute to provide automated central matching capabilities for cash securities transactions in Japan.
The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the global financial services industry, is partnering with Nomura Research Institute (NRI) to provide automated central matching capabilities for cash securities transactions in Japan.
NRI provides various financial services to Japan’s financial services firms. Through this partnership, regional firms in Japan will be able to leverage CTM, DTCC’s platform for the central matching of cash securities transactions, directly from NRI’s SmartBridge Advance offering to streamline and enhance the post-trade process, enabling users to achieve a shorter time to settlement and increased efficiency. In addition, the offering will include SSI enrichment from DTCC’s ALERT, the world’s largest database currently holding over 14 million standing settlement and account instructions (SSIs), increasing accuracy and further reducing risk.
Prior to this partnership, many broker/dealer firms leveraged two separate platforms, DTCC’s CTM and NRI’s SmartBridge, for trade matching with Japanese firms. With this effort, firms can manage these transactions on one global post-trade platform, NRI’s SmartBridge.
Industry owned and governed, CTM provides the central matching of cross-border and domestic equity and fixed income transactions, automating the trade allocation and confirmation process. CTM users benefit from configurable matching rules and seamless connectivity from trade execution to settlement. The platform helps buy-side firms – including investment managers, hedge funds, private banks, or outsourcers – and broker/dealers to efficiently match and confirm trade details.
Today, CTM’s global client community has grown to more than 3,300 firms, including over 1,900 buy-side firms,1,400 sell-side firms and 120 custodians, further strengthening its position as the industry standard for the central matching of cross-border and domestic transactions across multiple asset classes and markets.
