Xceptor and Delta Capita partner to streamline post-trade services for T+1
03 October 2023 US
Image: metamorworks
Data automation platform Xceptor and managed services provider Delta Capita have partnered to streamline their clients’ post-trade processes in preparation for the T+1 settlement deadline.
By using Xceptor's data automation platform and Delta Capita's expertise, the companies say their clients can reduce manual errors and improve compliance with T+1 settlement requirements.
The firms can capture and validate standard settlement instructions (SSIs), simplifying trade confirmations and facilitating efficient block allocations.
Delta Capita provides a full suite of validation, settlement and other trade lifecycle services across all asset classes while Xceptor, established in 2003, provides digital data services.
Josh Monroe, chief revenue officer at Xceptor, says:?"We are confident that our joint proposition will provide market participants with a powerful solution to simplify the complexities of post-trade processing.
“We aim to deliver substantial improvements through the integration, bringing scale and cost-competitive options across SSIs, confirmations and allocations, while helping our clients unlock new opportunities."
Karan Kapoor, global head of regulatory and risk consulting at Delta Capita, adds: "Ongoing fines and penalties related to CSDR, coupled with a lack of preparation for the T+1 deadline, is causing industry-wide concern.
“By combining Xceptor’s market-leading data and process automation platform with Delta Capita’s extensive experience of working with global investment institutions and network of industry experts, we are excited to be bringing to market a solution that will address these concerns and drive efficiency to the management of SSI infrastructures.
“The solution will significantly reduce the time needed to complete multi-asset trade confirmations and block allocations, guaranteeing that financial institutions are fully compliant with CSDR and ensuring a smooth transition to T+1."
By using Xceptor's data automation platform and Delta Capita's expertise, the companies say their clients can reduce manual errors and improve compliance with T+1 settlement requirements.
The firms can capture and validate standard settlement instructions (SSIs), simplifying trade confirmations and facilitating efficient block allocations.
Delta Capita provides a full suite of validation, settlement and other trade lifecycle services across all asset classes while Xceptor, established in 2003, provides digital data services.
Josh Monroe, chief revenue officer at Xceptor, says:?"We are confident that our joint proposition will provide market participants with a powerful solution to simplify the complexities of post-trade processing.
“We aim to deliver substantial improvements through the integration, bringing scale and cost-competitive options across SSIs, confirmations and allocations, while helping our clients unlock new opportunities."
Karan Kapoor, global head of regulatory and risk consulting at Delta Capita, adds: "Ongoing fines and penalties related to CSDR, coupled with a lack of preparation for the T+1 deadline, is causing industry-wide concern.
“By combining Xceptor’s market-leading data and process automation platform with Delta Capita’s extensive experience of working with global investment institutions and network of industry experts, we are excited to be bringing to market a solution that will address these concerns and drive efficiency to the management of SSI infrastructures.
“The solution will significantly reduce the time needed to complete multi-asset trade confirmations and block allocations, guaranteeing that financial institutions are fully compliant with CSDR and ensuring a smooth transition to T+1."
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