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DTCC’s institutional STP suite processes one billion trades in 2016

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The Depository Trust & Clearing Corporation’s (DTCC) full-service institutional straight-through-processing (STP) suite of products processed close to one billion trades for the first time in 2016, across equities, fixed income, equity swaps and repurchase agreements.

DTCC’s products automate trade lifecycle events between 3,800 investment managers, broker/dealers and custodian banks.
“As 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,” says Paula Arthus (pictured), managing director and head of Omgeo and Data Services at DTCC. “DTCC’s mission is to create market efficiencies and reduce costs, and that’s precisely what we’re doing with our institutional trade processing suite of products. We aim to provide value across our networked, global community – particularly as we gear up for the transition to a T+2 settlement cycle in the US and the implementation of MiFID II in Europe.”
DTCC’s institutional trade processing suite of products includes: Omgeo Central Trade Manager (Omgeo CTM), DTCC’s strategic platform for the central matching of cross-border and domestic transactions; Omgeo OASYS, DTCC’s US domestic trade allocation and acceptance service that communicates trade and allocation details between investment managers and broker/dealers; and Omgeo TradeSuite ID, a cornerstone of the US equity and fixed-income markets, which delivers both efficiency and cost savings to firms through automated electronic trade agreement between counterparties.
“DTCC 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 – enabling clients to significantly reduce costs and improve budgeting,” says Matthew Nelson, managing director of global product and strategy at DTCC’s Omgeo. “We’re committed to delivering solutions that address our clients’ needs and to continuing to help mitigate operational risk wherever possible.”

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