DTCC’s 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’s 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’s Omgeo: “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.”
Paula Arthus, managing director and head of Omgeo and data services at DTCC, said: “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.”
She added: “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.”
The products automate trade lifecycle events between 3,800 investment managers, broker dealers and custodian banks, for trades including equities and fixed-income.
DTCC’s 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’s Omgeo: “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.”
Paula Arthus, managing director and head of Omgeo and data services at DTCC, said: “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.”
She added: “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.”
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