SS&C Technologies Holdings now has more than 150 clients using its Trade Matching & Settlements Service to support post-trade execution functions. The growth comes as the US funds industry gears up for trade settlement cycles shortening to T+1 in 2024.
The Trade Matching & Settlements Service fully supports post-trade execution functions such as trade matching/affirmation, trade communication and settlements/fails management.
Available as a stand-alone service or in conjunction with other SS&C fund services, SS&C’s solution automatically integrates with numerous matching platforms, supports multiple formats of trade instructions delivery and captures real-time settlement statuses from custodians and prime brokers. SS&C says the service uses best practices for storing, communicating and validating standard settlement instructions (SSIs) across global markets to facilitate timely settlements.
This solution is backed by SS&C’s global staffing model, allowing international clients trading in the US market to address booking issues on the trade date.
