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5.00 ( 3 votes )

Supporting US trades via CTM is the first step in an evolution to a more seamless, automated trade matching and confirmation platform and is key to helping you connect to over 200 US domiciled investment managers and hedge funds currently sending US securities over CTM. Along with clients such as Wellington, State Street Global Advisors, and Franklin Templeton, the majority of our buy side community plan to start moving their US trades from OASYSTM to CTMTM  in 2019 due to a preference for CTM’s central matching workflow, settlement notification, and ALERT® enrichment.

In this area of the Learning Center you can find further information on using CTM to support your US trades, including detailed workflow diagrams, videos and documentation. Depending on whether you are a buy-side or sell-side client and whether you are already a CTM user, you can access the specific sections on this page that provide you with relevant information and also next steps to begin your move to CTM. Further resources such as Documents, Videos and FAQs can be found in the tabs at the top of this page. 



0.00 ( 0 votes )

As someone who hasn't previously used CTM to support your day-to-day operations for US trades, the below provides you with the following resources:

1. List of certified partners who have already developed an interface from their OMS platform to CTM

2. Onboarding guides outlining the interface options which are available for you to implement a connection to the CTM service

3. Counterparties who already support the matching of US trades on CTM

4. Next steps to begin your move from OASYS to CTM.

 

As someone who hasn't previously used CTM to support your day-to-day operations for US trades, the below provides you with the following resources:

1. List of certified partners who have already developed an interface from their OMS platform to CTM

2. Onboarding guides outlining the interface options which are available for you to implement a connection to the CTM service

3. Counterparties who already support the matching of US trades on CTM

4. Next steps to begin your move from OASYS to CTM.

 

1

Certified Partners

DTCC works to advance industry-learning solutions that help secure and shape the future growth and development of the global financial marketplace. The DTCC Partner Program supports this aim by actively promoting partnership and collaboration with global and regional financial solutions providers to help mutual clients to mitigate risk, achieve market efficiencies and reduce costs. The following list includes service providers that have developed CTM interfaces that meet all DTCC requirements to support trade flows for U.S. settling securities. Please contact them for more information.

Partner Interface Name Partner Type Website
Advent Moxy - CTM OMS www.advent.com
Athena Aura CTM Trading System www.athenasystems.com
Avaloq - CTM Back Office www.avaloq.ch
Bloomberg - AIM CTM OMS www.bloomberg.com
BNP Paribas Securities Services Outsourcer https://securities.bnpparibas.com
Broadridge Paladyne - CTM   OMS  www.broadridge.com
Capco - CTM   Middleware Provider   www.capco.com
Charles River Development - CTM  OMS www.crd.com
Citco Fund Services - CTM Middle Office www.citco.com
Citi-Global Transaction Services Outsourcer www.citi.com
COR-FS - CTM OMS www.cor-fs.com
Enfusion Integrata - CTM Trading System www.enfusionsystems.com
Eze Software OMS - CTM OMS www.ezesoft.com
Eze Software PMS - CTM PMS www.ezesoft.com
Fidessa Buy Side - CTM   OMS www.latentzero.com
Fiserv - Tradeflow CTM OMS  www.fiserv.com
Hedgeserv Corp - Hedgesrv Outsourcer www.hedgeserv.com
InData - CTM OMS www.indataweb.com
IValue - FI from BBG AIM to CTM   Middleware Provider   www.ivalueconsulting.com
Lightspeed - CTM  Middle Office www.lightspeedtdms.com 
Linedata Front Office - CTM  OMS www.linedata.com 
Linedata Global Hedge - CTM PMS www.linedata.com
Misys - CTM PMS www.misys.com  
Murex Asset Manager - CTM OMS www.murex.com
Neoxam - CTM  OMS  www.neoxam.com  
Northern Trust HFS Outsourcer www.northerntrust.com
Northern Trust Company IOO Outsourcer www.northerntrust.com
Optitrade Singularity - CTM  Middelware Provider www.singularity.co.uk
SimCorp - CTM OMS www.simcorp.cpm 
SmartStream - CTM Middleware Provider www.smartstream-stp.com
State Street IMS Limited Outsourcer www.statestreet.com
SS&C Financial Services Outsourcer www.ssctech.com
Thinkfolio - CTM PMS www.ihsmarkit.com

 

2

Onboarding Guides

The following guides provide the tasks and timeline for the different options available to investment managers who are looking to implement the CTM service.

 

CTM Onboarding Guides - Investment Managers

#NameDescriptionAdded On
1
0.00 ( 0 votes )
Onboarding Guide for CTM FIX with ALERT: Investment ManagersOnboarding Guide for CTM FIX with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM service using Financial Information eXchange (FIX) with ALERT

Jun 10, 2019
2
0.00 ( 0 votes )
Onboarding Guide for CTM Direct with ALERT: Investment ManagersOnboarding Guide for CTM Direct with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM Service using Direct XML with ALERT

Apr 29, 2019
3
0.00 ( 0 votes )
Onboarding Guide for CTM MTI with ALERT: Investment ManagersOnboarding Guide for CTM MTI with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM service using Message Translation Interface (MTI) with ALERT for investment managers.

May 07, 2019
4
0.00 ( 0 votes )
Onboarding Guide for CTM Settlement Notification with ALERT: Investment ManagersOnboarding Guide for CTM Settlement Notification with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM service to use Settlement Notification with ALERT.

Apr 10, 2019
5
0.00 ( 0 votes )
Onboarding Guide for CTM Direct via Event Based Push with ALERT: Investment ManagersOnboarding Guide for CTM Direct via Event Based Push with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM service using Direct via Event Based Push with ALERT.

Aug 01, 2019

 

3

Counterparties Supporting US Trades

A full list of brokers who are already supporting US trades on CTM can be found in our support area, ServiceCentral, under Reference Material - Client Lists - Brokers Supporting US Trades on CTM

 

4 - Next Steps

Next Steps

To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.

0.00 ( 0 votes )

As an existing user of CTM, the below resources can help you extend your usage to support US trades:

1. Counterparties who already support the matching of US trades on CTM

2. Implementation guides to support the migration of all US trades to CTM (Stepouts, Equity Options and auto-affirmation)

3. Certified partners who have signed a statement of work to develop their interface to support the migration of US trades to CTM

4. Next steps to begin your move from OASYS to CTM.

 

As an existing user of CTM, the below resources can help you extend your usage to support US trades:

1. Counterparties who already support the matching of US trades on CTM

2. Implementation guides to support the migration of all US trades to CTM (Stepouts, Equity Options and auto-affirmation)

3. Certified partners who have signed a statement of work to develop their interface to support the migration of US trades to CTM

4. Next steps to begin your move from OASYS to CTM.

 

1

Counterparties Supporting US Trades

A full list of brokers who are already supporting US trades on CTM can be found in our support area, ServiceCentral, under Reference Material - Client Lists - Brokers Supporting US Trades on CTM

 

2

Functional Dependencies

The below implementation guides provide full details to enable you to migrate all of your US trades to CTM. Click the Document Title to download.

Document Title Description
Equity Options: Implementation Guide Reference and guide for investment managers and broker/dealers who want to use the CTM service to match equity options. It describes how to use supported fields for the equity block allocation-confirmation workflow.
Auto-Affirmation: Implementation Guide Reference and guide for investment managers who want to continue to automatically affirm their counterparty broker confirms when matching trades using the CTM service.
Stepouts: Implementation Guide Reference and guide for investment managers who use the CTM service for stepouts to direct commission dollars from an executing broker to another broker.
 

3

Certified Partner Readiness
DTCC works to advance industry-learning solutions that help secure and shape the future growth and development of the global financial marketplace. The DTCC Partner Program supports this aim by actively promoting partnership and collaboration with global and regional financial solutions providers to help mutual clients to mitigate risk, achieve market efficiencies and reduce costs. The following list includes service providers that have have existing interfaces to CTM and who have signed a statement of work to develop their interface further to support the migration of US trades to CTM.
 
For specific details, please contact your partner directly. 
 
Partner Name
Eze Software
Charles River Development
Northern Trust HFS Outsourcer
InData
Fiserv TradeFlow
COR-FS
Thinkfolio
 

4

Next Steps 

To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.

0.00 ( 0 votes )

As someone who hasn't previously used CTM to support your day-to-day operations for US trades, the below provides you with the following resources:

1. List of certified partners who have already developed an interface from their OMS platform to CTM

2. Onboarding guides outlining the interface options which are available for you to implement a connection to the CTM service

3. Counterparties who already support the matching of US trades on CTM

4. Next steps to begin your move from OASYS to CTM.

 

As someone who hasn't previously used CTM to support your day-to-day operations for US trades, the below provides you with the following resources:

1. List of certified partners who have already developed an interface from their OMS platform to CTM

2. Onboarding guides outlining the interface options which are available for you to implement a connection to the CTM service

3. Counterparties who already support the matching of US trades on CTM

4. Next steps to begin your move from OASYS to CTM.

 

1

Certified Partners

DTCC works to advance industry-learning solutions that help secure and shape the future growth and development of the global financial marketplace. The DTCC Partner Program supports this aim by actively promoting partnership and collaboration with global and regional financial solutions providers to help mutual clients to mitigate risk, achieve market efficiencies and reduce costs. The following list includes service providers that have developed CTM interfaces that meet all DTCC requirements to support trade flows for U.S. settling securities. Please contact them for more information.

Partner Interface Name Partner Type Website
Bloomberg - SSEOMS CTM  OMS www.bloombergtradebook.com 
Bloomberg - TOMS CTM OMS www.bloomberg.com  
Broadcort Correspondent www.bofaml.com
Broadridge - CTM Back Office  www.broadridge.com
DION - CTM PMS www.dionglobal.com   
Dolphin - CTM Middle Office www.kgfsl.com
Fidelity NFS Correspondent www.fidelity.com
Fidessa Sell Side - CTM Trading System   www.fidessa.com  
FIS Global Front Arena - CTM   Trading System www.fis.com
FIS Global Trading - CTM Back Office www.fis.com
FIS Valdi OMS www.fis.com 
Flextrade - CTM OMS www.flextrade.com
GBST Middle Office www.gbst.com 
Goldman Sachs & Co Correspondent www.goldmansachs.com
LiquidityBook - CTM Broker  OMS www.liquiditybook.com
Murex Broker - CTM  OMS www.murex.com
Pershing Correspondent www.pershing.com
SOFTWARE FINANCIERO DE BOLSA SA - CTM    Trading System www.sfb.es  
SS&C Tradeware CTM Trading System www.tradeware.com
Ullink - CTM Trading System www.itiviti.com  

 

2

Onboarding Guides

The following guides provide the tasks and timeline for the different options available to broker/dealers who are looking to implement the CTM service.

 

CTM Onboarding Guides - Brokers

#NameDescriptionAdded On
1
0.00 ( 0 votes )
Onboarding Guide for CTM FIX with ALERT: Broker/DealersOnboarding Guide for CTM FIX with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service using Financial Information eXchange (FIX) with ALERT

Jun 05, 2019
2
0.00 ( 0 votes )
Onboarding Guide for CTM Direct via Event Based Push with ALERT: Broker/DealersOnboarding Guide for CTM Direct via Event Based Push with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service using Direct via Event Based Push with ALERT.

Jul 01, 2019
3
0.00 ( 0 votes )
Onboarding Guide for CTM Direct with ALERT: Broker/DealersOnboarding Guide for CTM Direct with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service using Direct XML with ALERT.

Apr 12, 2019
4
0.00 ( 0 votes )
Onboarding Guide for CTM Manual Interface with ALERT: Broker/DealersOnboarding Guide for CTM Manual Interface with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service to use the Manual User Interface with ALERT.

Mar 20, 2019
5
0.00 ( 0 votes )
Onboarding Guide for CTM MTI with ALERT: Broker/DealersOnboarding Guide for CTM MTI with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service using MTI (Message Translation Interface) with ALERT for broker/dealers.

Mar 22, 2019

 

3

Counterparties Supporting US Trades

A full list of investment managers who are already supporting US trades on CTM can be found in our support area, ServiceCentral, under Reference Material - Client Lists - US IMs Sending US Trades over CTM

 

4 - Next Steps

Next Steps

To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.

0.00 ( 0 votes )

As an existing user of CTM, the below resources can help you extend your usage to support US trades:

1. Counterparties who already support the matching of US trades on CTM

2. Implementation guides to support the migration of all US trades to CTM (Stepouts, Equity Options and auto-affirmation)

3. Next steps to begin your move from OASYS to CTM.

 

As an existing user of CTM, the below resources can help you extend your usage to support US trades:

1. Counterparties who already support the matching of US trades on CTM

2. Implementation guides to support the migration of all US trades to CTM (Stepouts, Equity Options and auto-affirmation)

3. Next steps to begin your move from OASYS to CTM.

 

1

Counterparties Supporting US Trades

A full list of investment managers who are already supporting US trades on CTM can be found in our support area, ServiceCentral, under Reference Material - Client Lists - US IMs Sending US Trades over CTM.

 

2

Functional Dependencies

The below implementation guides provide full details to enable you to migrate all of your US trades to CTM. Click the Document Title to download.

Document Title Description
Equity Options: Implementation Guide Reference and guide for investment managers and broker/dealers who want to use the CTM service to match equity options. It describes how to use supported fields for the equity block allocation-confirmation workflow.
Auto-Affirmation: Implementation Guide Reference and guide for investment managers who want to continue to automatically affirm their counterparty broker confirms when matching trades using the CTM service.
Stepouts: Implementation Guide Reference and guide for investment managers who use the CTM service for stepouts to direct commission dollars from an executing broker to another broker.

3

Next Steps

To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.

 


 

US Trade Flows

The below animated workflows demonstrate the way in which our clients have been processing US trades through the OASYS Trade Match service using OASYS and TradeSuite ID (see 1), how US trades can be processed today using CTM and TradeSuite ID with auto-affirmation (see 2) and our optimal future state workflow that uses the CTM USDI (U.S. Depository Interface) workflow to leverage no-touch processing (see 3).

Hover over the numbered steps in each workflow to learn more.

 

Supporting US trades via CTM is the first step in an evolution to a more seamless, automated trade matching and confirmation platform and is key to helping you connect to over 200 US domiciled investment managers and hedge funds currently sending US securities over CTM. Along with clients such as Wellington, State Street Global Advisors, and Franklin Templeton, the majority of our buy side community plan to start moving their US trades from OASYSTM to CTMTM  in 2019 due to a preference for CTM’s central matching workflow, settlement notification, and ALERT® enrichment.

In this area of the Learning Center you can find further information on using CTM to support your US trades, including detailed workflow diagrams, videos and documentation. Depending on whether you are a buy-side or sell-side client and whether you are already a CTM user, you can access the specific sections on this page that provide you with relevant information and also next steps to begin your move to CTM. Further resources such as Documents, Videos and FAQs can be found in the tabs at the top of this page. 



0.00 ( 0 votes )

As someone who hasn't previously used CTM to support your day-to-day operations for US trades, the below provides you with the following resources:

1. List of certified partners who have already developed an interface from their OMS platform to CTM

2. Onboarding guides outlining the interface options which are available for you to implement a connection to the CTM service

3. Counterparties who already support the matching of US trades on CTM

4. Next steps to begin your move from OASYS to CTM.

 

As someone who hasn't previously used CTM to support your day-to-day operations for US trades, the below provides you with the following resources:

1. List of certified partners who have already developed an interface from their OMS platform to CTM

2. Onboarding guides outlining the interface options which are available for you to implement a connection to the CTM service

3. Counterparties who already support the matching of US trades on CTM

4. Next steps to begin your move from OASYS to CTM.

 

1

Certified Partners

DTCC works to advance industry-learning solutions that help secure and shape the future growth and development of the global financial marketplace. The DTCC Partner Program supports this aim by actively promoting partnership and collaboration with global and regional financial solutions providers to help mutual clients to mitigate risk, achieve market efficiencies and reduce costs. The following list includes service providers that have developed CTM interfaces that meet all DTCC requirements to support trade flows for U.S. settling securities. Please contact them for more information.

Partner Interface Name Partner Type Website
Advent Moxy - CTM OMS www.advent.com
Athena Aura CTM Trading System www.athenasystems.com
Avaloq - CTM Back Office www.avaloq.ch
Bloomberg - AIM CTM OMS www.bloomberg.com
BNP Paribas Securities Services Outsourcer https://securities.bnpparibas.com
Broadridge Paladyne - CTM   OMS  www.broadridge.com
Capco - CTM   Middleware Provider   www.capco.com
Charles River Development - CTM  OMS www.crd.com
Citco Fund Services - CTM Middle Office www.citco.com
Citi-Global Transaction Services Outsourcer www.citi.com
COR-FS - CTM OMS www.cor-fs.com
Enfusion Integrata - CTM Trading System www.enfusionsystems.com
Eze Software OMS - CTM OMS www.ezesoft.com
Eze Software PMS - CTM PMS www.ezesoft.com
Fidessa Buy Side - CTM   OMS www.latentzero.com
Fiserv - Tradeflow CTM OMS  www.fiserv.com
Hedgeserv Corp - Hedgesrv Outsourcer www.hedgeserv.com
InData - CTM OMS www.indataweb.com
IValue - FI from BBG AIM to CTM   Middleware Provider   www.ivalueconsulting.com
Lightspeed - CTM  Middle Office www.lightspeedtdms.com 
Linedata Front Office - CTM  OMS www.linedata.com 
Linedata Global Hedge - CTM PMS www.linedata.com
Misys - CTM PMS www.misys.com  
Murex Asset Manager - CTM OMS www.murex.com
Neoxam - CTM  OMS  www.neoxam.com  
Northern Trust HFS Outsourcer www.northerntrust.com
Northern Trust Company IOO Outsourcer www.northerntrust.com
Optitrade Singularity - CTM  Middelware Provider www.singularity.co.uk
SimCorp - CTM OMS www.simcorp.cpm 
SmartStream - CTM Middleware Provider www.smartstream-stp.com
State Street IMS Limited Outsourcer www.statestreet.com
SS&C Financial Services Outsourcer www.ssctech.com
Thinkfolio - CTM PMS www.ihsmarkit.com

 

2

Onboarding Guides

The following guides provide the tasks and timeline for the different options available to investment managers who are looking to implement the CTM service.

 

CTM Onboarding Guides - Investment Managers

#NameDescriptionAdded On
1
0.00 ( 0 votes )
Onboarding Guide for CTM FIX with ALERT: Investment ManagersOnboarding Guide for CTM FIX with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM service using Financial Information eXchange (FIX) with ALERT

Jun 10, 2019
2
0.00 ( 0 votes )
Onboarding Guide for CTM Direct with ALERT: Investment ManagersOnboarding Guide for CTM Direct with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM Service using Direct XML with ALERT

Apr 29, 2019
3
0.00 ( 0 votes )
Onboarding Guide for CTM MTI with ALERT: Investment ManagersOnboarding Guide for CTM MTI with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM service using Message Translation Interface (MTI) with ALERT for investment managers.

May 07, 2019
4
0.00 ( 0 votes )
Onboarding Guide for CTM Settlement Notification with ALERT: Investment ManagersOnboarding Guide for CTM Settlement Notification with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM service to use Settlement Notification with ALERT.

Apr 10, 2019
5
0.00 ( 0 votes )
Onboarding Guide for CTM Direct via Event Based Push with ALERT: Investment ManagersOnboarding Guide for CTM Direct via Event Based Push with ALERT: Investment Managers

Describes the onboarding tasks and timeframes to implement the CTM service using Direct via Event Based Push with ALERT.

Aug 01, 2019

 

3

Counterparties Supporting US Trades

A full list of brokers who are already supporting US trades on CTM can be found in our support area, ServiceCentral, under Reference Material - Client Lists - Brokers Supporting US Trades on CTM

 

4 - Next Steps

Next Steps

To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.

0.00 ( 0 votes )

As an existing user of CTM, the below resources can help you extend your usage to support US trades:

1. Counterparties who already support the matching of US trades on CTM

2. Implementation guides to support the migration of all US trades to CTM (Stepouts, Equity Options and auto-affirmation)

3. Certified partners who have signed a statement of work to develop their interface to support the migration of US trades to CTM

4. Next steps to begin your move from OASYS to CTM.

 

As an existing user of CTM, the below resources can help you extend your usage to support US trades:

1. Counterparties who already support the matching of US trades on CTM

2. Implementation guides to support the migration of all US trades to CTM (Stepouts, Equity Options and auto-affirmation)

3. Certified partners who have signed a statement of work to develop their interface to support the migration of US trades to CTM

4. Next steps to begin your move from OASYS to CTM.

 

1

Counterparties Supporting US Trades

A full list of brokers who are already supporting US trades on CTM can be found in our support area, ServiceCentral, under Reference Material - Client Lists - Brokers Supporting US Trades on CTM

 

2

Functional Dependencies

The below implementation guides provide full details to enable you to migrate all of your US trades to CTM. Click the Document Title to download.

Document Title Description
Equity Options: Implementation Guide Reference and guide for investment managers and broker/dealers who want to use the CTM service to match equity options. It describes how to use supported fields for the equity block allocation-confirmation workflow.
Auto-Affirmation: Implementation Guide Reference and guide for investment managers who want to continue to automatically affirm their counterparty broker confirms when matching trades using the CTM service.
Stepouts: Implementation Guide Reference and guide for investment managers who use the CTM service for stepouts to direct commission dollars from an executing broker to another broker.
 

3

Certified Partner Readiness
DTCC works to advance industry-learning solutions that help secure and shape the future growth and development of the global financial marketplace. The DTCC Partner Program supports this aim by actively promoting partnership and collaboration with global and regional financial solutions providers to help mutual clients to mitigate risk, achieve market efficiencies and reduce costs. The following list includes service providers that have have existing interfaces to CTM and who have signed a statement of work to develop their interface further to support the migration of US trades to CTM.
 
For specific details, please contact your partner directly. 
 
Partner Name
Eze Software
Charles River Development
Northern Trust HFS Outsourcer
InData
Fiserv TradeFlow
COR-FS
Thinkfolio
 

4

Next Steps 

To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.

0.00 ( 0 votes )

As someone who hasn't previously used CTM to support your day-to-day operations for US trades, the below provides you with the following resources:

1. List of certified partners who have already developed an interface from their OMS platform to CTM

2. Onboarding guides outlining the interface options which are available for you to implement a connection to the CTM service

3. Counterparties who already support the matching of US trades on CTM

4. Next steps to begin your move from OASYS to CTM.

 

As someone who hasn't previously used CTM to support your day-to-day operations for US trades, the below provides you with the following resources:

1. List of certified partners who have already developed an interface from their OMS platform to CTM

2. Onboarding guides outlining the interface options which are available for you to implement a connection to the CTM service

3. Counterparties who already support the matching of US trades on CTM

4. Next steps to begin your move from OASYS to CTM.

 

1

Certified Partners

DTCC works to advance industry-learning solutions that help secure and shape the future growth and development of the global financial marketplace. The DTCC Partner Program supports this aim by actively promoting partnership and collaboration with global and regional financial solutions providers to help mutual clients to mitigate risk, achieve market efficiencies and reduce costs. The following list includes service providers that have developed CTM interfaces that meet all DTCC requirements to support trade flows for U.S. settling securities. Please contact them for more information.

Partner Interface Name Partner Type Website
Bloomberg - SSEOMS CTM  OMS www.bloombergtradebook.com 
Bloomberg - TOMS CTM OMS www.bloomberg.com  
Broadcort Correspondent www.bofaml.com
Broadridge - CTM Back Office  www.broadridge.com
DION - CTM PMS www.dionglobal.com   
Dolphin - CTM Middle Office www.kgfsl.com
Fidelity NFS Correspondent www.fidelity.com
Fidessa Sell Side - CTM Trading System   www.fidessa.com  
FIS Global Front Arena - CTM   Trading System www.fis.com
FIS Global Trading - CTM Back Office www.fis.com
FIS Valdi OMS www.fis.com 
Flextrade - CTM OMS www.flextrade.com
GBST Middle Office www.gbst.com 
Goldman Sachs & Co Correspondent www.goldmansachs.com
LiquidityBook - CTM Broker  OMS www.liquiditybook.com
Murex Broker - CTM  OMS www.murex.com
Pershing Correspondent www.pershing.com
SOFTWARE FINANCIERO DE BOLSA SA - CTM    Trading System www.sfb.es  
SS&C Tradeware CTM Trading System www.tradeware.com
Ullink - CTM Trading System www.itiviti.com  

 

2

Onboarding Guides

The following guides provide the tasks and timeline for the different options available to broker/dealers who are looking to implement the CTM service.

 

CTM Onboarding Guides - Brokers

#NameDescriptionAdded On
1
0.00 ( 0 votes )
Onboarding Guide for CTM FIX with ALERT: Broker/DealersOnboarding Guide for CTM FIX with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service using Financial Information eXchange (FIX) with ALERT

Jun 05, 2019
2
0.00 ( 0 votes )
Onboarding Guide for CTM Direct via Event Based Push with ALERT: Broker/DealersOnboarding Guide for CTM Direct via Event Based Push with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service using Direct via Event Based Push with ALERT.

Jul 01, 2019
3
0.00 ( 0 votes )
Onboarding Guide for CTM Direct with ALERT: Broker/DealersOnboarding Guide for CTM Direct with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service using Direct XML with ALERT.

Apr 12, 2019
4
0.00 ( 0 votes )
Onboarding Guide for CTM Manual Interface with ALERT: Broker/DealersOnboarding Guide for CTM Manual Interface with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service to use the Manual User Interface with ALERT.

Mar 20, 2019
5
0.00 ( 0 votes )
Onboarding Guide for CTM MTI with ALERT: Broker/DealersOnboarding Guide for CTM MTI with ALERT: Broker/Dealers

Describes the onboarding tasks and timeframes to implement the CTM service using MTI (Message Translation Interface) with ALERT for broker/dealers.

Mar 22, 2019

 

3

Counterparties Supporting US Trades

A full list of investment managers who are already supporting US trades on CTM can be found in our support area, ServiceCentral, under Reference Material - Client Lists - US IMs Sending US Trades over CTM

 

4 - Next Steps

Next Steps

To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.

0.00 ( 0 votes )

As an existing user of CTM, the below resources can help you extend your usage to support US trades:

1. Counterparties who already support the matching of US trades on CTM

2. Implementation guides to support the migration of all US trades to CTM (Stepouts, Equity Options and auto-affirmation)

3. Next steps to begin your move from OASYS to CTM.

 

As an existing user of CTM, the below resources can help you extend your usage to support US trades:

1. Counterparties who already support the matching of US trades on CTM

2. Implementation guides to support the migration of all US trades to CTM (Stepouts, Equity Options and auto-affirmation)

3. Next steps to begin your move from OASYS to CTM.

 

1

Counterparties Supporting US Trades

A full list of investment managers who are already supporting US trades on CTM can be found in our support area, ServiceCentral, under Reference Material - Client Lists - US IMs Sending US Trades over CTM.

 

2

Functional Dependencies

The below implementation guides provide full details to enable you to migrate all of your US trades to CTM. Click the Document Title to download.

Document Title Description
Equity Options: Implementation Guide Reference and guide for investment managers and broker/dealers who want to use the CTM service to match equity options. It describes how to use supported fields for the equity block allocation-confirmation workflow.
Auto-Affirmation: Implementation Guide Reference and guide for investment managers who want to continue to automatically affirm their counterparty broker confirms when matching trades using the CTM service.
Stepouts: Implementation Guide Reference and guide for investment managers who use the CTM service for stepouts to direct commission dollars from an executing broker to another broker.

3

Next Steps

To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.

 


 

US Trade Flows

The below animated workflows demonstrate the way in which our clients have been processing US trades through the OASYS Trade Match service using OASYS and TradeSuite ID (see 1), how US trades can be processed today using CTM and TradeSuite ID with auto-affirmation (see 2) and our optimal future state workflow that uses the CTM USDI (U.S. Depository Interface) workflow to leverage no-touch processing (see 3).

Hover over the numbered steps in each workflow to learn more.

 

1

 

 

2

 

3

 


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The sections below contain FAQs related to moving US trades from OASYS to CTM organized by client type.

 

General


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To learn more about the benefits and details of moving US trade flows to CTM, please visit the DTCC Learning Center, Supporting US Trades on CTM page.

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No, TradeSuite ID is not being decommissioned. DTCC confirms will continue to be created, matched and/or affirmed. Having said that, as part of the Match to Instruct (M2i) initiative dealers will begin to rely upon CTM for the creation of the TS ID confirm as opposed to sending confirms into TS ID directly.

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OASYS-TradeMatch is being replaced by equivalent functionality on CTM. In the CTM workflow, a version of the match agreed trade details is passed down from CTM to TradeSuite ID for the purposes of auto-affirmation. This allows investment managers to maintain their affirmation rates as they move US trades from OASYS to CTM. Although TradeSuite ID will continue to exist, it will transition from a matching platform to a distribution utility.

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  • Clients are encouraged to reach out to their OASYS trading systems vendor for questions on CTM connectivity through their platforms
  • All CTM Partners already support BASIC US flows today (no step out, option, auto-affirmation requirement)
  • Most Partners are educated, engaged and scoping or developing NEW CTM US Flows functionality
  • List of all certified CTM partners, can be found here: Supporting US Trades 
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All clients using a Partner’s OASYS interface should follow these steps:

  1. Work with DTCC to understand overall migration story, CTM benefits, newest CTM for US Flows features/functionality and CTM pricing
  2. Contact their OASYS interface provider (Partner) to request CTM connectivity along with US Flows parity features, if required (step outs, options, auto-affirmation)
  3. Contact OASYS brokers and confirm CTM readiness on their side
  4. Contact DTCC and enter into a project to migrate OASYS flows over to CTM
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All of the most popular trading systems vendors already support an interface to CTM. You can view the list of all the certified OMS partners and outsourcers here

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Clients with a legacy FIX or MTI interface and no functionality dependencies on stepouts or options can move their US trades from OASYS to CTM on their existing interface. Clients using a legacy version of FIX or MTI and having a functional dependency will need to upgrade to the current versions of FIX and MTI. The OASYS parity items are not supported on the legacy interfaces. 

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75% of clients and 90% of OASYS volume can be migrated to CTM without any change to proprietary or third-party interfaces. Some clients do step outs or equity options on OASYS. This functionality was recently made available in CTM. Clients with this functionality will need to make changes to their proprietary interface to CTM and/or work with their partner who will have to make these changes, in order to take advantage of this new functionality.

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Investment managers who have both OASYS and CTM today will be able to eliminate their OASYS base fee when they consolidate US trades on CTM. Ultimately all OASYS clients will be able to eliminate their OASYS interface and related third-party support and maintenance costs.

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We have a series of segment specific roadmaps and onboarding guides available on the DTCC Learning Center, Supporting US Trades on CTM page.


For most clients, the best, first step is to place a call into our client contact center or raise a case through our Service Central site. These cases will be routed to the OASYS Migration Team. From there we will answer any questions and setup an integration project as needed.

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No, integration fees will be waived during the migration period.

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Many clients with access to CTM can begin using it for their US flows today. For those that don’t have CTM and require assistance, our integration professionals are prepared work with you and/or your partners at no cost to ensure a seamless migration. To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.

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DTCC seeks to enable and incent client migration within the designated retirement period. During the retirement period, no enhancements or upgrades to OASYS, other than regulatory-mandated requirements, will be made. After April 2021 DTCC will work to finalize all OASYS terminations to fully decommission the OASYS system. Any further incentives or penalties are still being determined.

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DTCC announced Thursday, September 26, 2019, that the EOL date for OASYS is April 2021.

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As part of a multi-year ITP Strategy, DTCC is looking to eliminate redundant and duplicative platforms and interfaces for clients. Ultimately creating a single integrated platform which will allow clients to access post trade confirmation status and resolve exceptions from matching through to settlement finality.

Supporting US trades via CTM and retiring usage of OASYS, enhances a firm’s ability to leverage the central matching workflow, settlement notification functionality, and ALERT® enrichment available through CTM and is the first step in the evolution to a more seamless, automated trade matching and confirmation platform.

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Many buy side clients prefer the central matching workflow, ALERT enrichment, and settlement notification functionality available in CTM. We are currently working with the majority of our buy side clients to begin moving their US trades from OASYS to CTM. Supporting US trades via CTM is the first step in an evolution to a more seamless, automated trade matching and confirmation platform and will be integral to helping dealers continue to connect with buy side counterparties.

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There were a few functional parity issues between OASYS and CTM. For example, step outs, listed options, and the OTM workflow were not historically supported in CTM. Development was completed in August 2019 to address parity items between OASYS and CTM.

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CTM offers several different connection options including:

  1. Manual Entry User interface

  2. File-based Broker Batch solutions via Message Translation Interface (MTI)

  3. FIX messages

  4. XML messages via a Direct or MQ-based Push interface

All of the automated options listed above are available through existing third-party partner interfaces. Many of our partners support both OASYS and CTM already so, migrating traffic from one interface to the other should be a light lift for the underlying client.

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CTM supports all of the asset classes that OASYS does.

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Yes, we are currently maintaining a list of all buy and sell side clients who are actively supporting US trades on CTM. This list is posted to Service Central - Client Lists.

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For more information, or to sign up for CTM, please contact us directly via ServiceCentral.

 


Investment Manager


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Affirmation is an important part of a no touch workflow for DTC-eligible trades. An affirmed confirm triggers an automated settlement process at the DTC. If a confirm is unaffirmed, both the broker and the custodian need to take independent manual steps to effect settlement. If the IM is currently auto-affirming, there are two features which will support high affirmation rates as clients look to move US trades to CTM:

 

  • No Touch Workflow: When the broker supports a no touch workflow they send confirms only into CTM and suppress the submission of confirms into TradeSuite ID. These confirms are propagated out to TradeSuite ID by CTM on behalf of the broker and the status of the confirm reflects the match status of the trade in CTM and user preferences.  
     

  • CTM Auto-Affirmation Workflow: For brokers who do not support a no touch workflow, there is new functionality that would allow the IMs allocations to drop from CTM into TradeSuite ID after matching in CTM. This is similar to how OASYS passes allocations to TradeSuite ID today. This second match in TradeSuite ID will allow the confirms to promote to affirmed. If the allocation mismatched in TradeSuite ID, the IM could use TradeSuite ID Web to identify the problem and address it upstream in CTM.

 

 

 

 

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Yes, OASYS-only Investment Managers will need to sign a CTM schedule.  If you already have access to CTM in your organization, you do not need to sign an additional schedule to support US trades on CTM.

 

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Over 300 brokers support US trades on CTM. View a list of all the brokers via Service Central - Client lists.  We are actively working with OASYS brokers who do not use CTM for US trades.  It should be noted that if you continue to trade US securities with a non-CTM OASYS broker, you will continue to send allocations through OASYS for that broker counterparty until they implement CTM .  ITP recommends talking to your brokers to ensure they are taking steps to support US trades on CTM.  Once all your brokers support CTM, you can discontinue using OASYS and leverage the full benefits of a single global platform.

Service Central - Client Lists.

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The list of brokers supporting CTM includes details on the asset classes they support.

 

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Implementation times depend on which interface you decide to use. View a list of onboarding guides here.

 

 

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Brokers on CTM are identified with a BIC, not an OASYS Acronym.  As you look to route trades to a CTM vs OASYS broker, you need to identify both yourself and your counterparty using a BIC.  You can view a list of all the dealers who are currently supporting US trades on CTM and their identifiers on Service Central - Client Lists.

 

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US trades on CTM will follow the same workflow for trade submission and matching as non-US trades in CTM.  There are however several best practices to support high quality data and straight through processing for US trades on CTM.  For example, the use of broker matching groups for US trades is discouraged.  More information on how to do this is available here.

 

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Yes, the same US Settlement Instructions from ALERT will be enriched on allocations in CTM. For OTM clients moving to CTM, US SSIs in ALERT will be leveraged to send the trade from CTM into TradeSuite ID. The investment manager, or preferably their Global Custodian, needs to provide US SSIs following the ALERT Best Practices for US. Likewise, the broker must setup broker delivery instructions in ALERT following best practices.  If they aren’t currently leveraging ALERT enrichment in CTM, they should review how ALERT Key Auto Select(AKAS) can facilitate the process

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In order to sustain high affirmation rates for IMs as they move US trades to CTM, ITP has rolled out CTM auto-affirmation functionality which, like OTM, will allow allocations in CTM to flow down into TradeSuite ID after the trade is Match Agreed in CTM. This is an interim step while brokers move to an optimal no touch workflow. When utilizing an optimal no touch workflow, CTM will pass the confirm into TradeSuite ID on behalf of the broker rather than requiring the broker to send it directly via a second interface.

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To support and encourage our investment manager community in moving their US domestic trade volume from OASYS into CTM, ITP is waiving onboarding charges and implementing harmonized pricing across our OASYS and CTM products. The harmonized rates for investment managers and brokers will be rolled out July 1, 2019.

 


Broker/dealer


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All OASYS-only brokers are being asked to support US trades on CTM by the end of 2019. DTCC has reached out proactively to each OASYS-only dealer to inform them of this initiative and to simplify and reduce the cost to support US trades on CTM. 

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Depending on the interface option you choose, you can be up and running in under 2 weeks. We have established a dedicated team of resources to help you support US trades on CTM as quickly as possible. In addition to an expedited onboarding process, DTCC ITP is waiving the CTM domestic base fee and onboarding charges for clients migrating from OASYS to CTM and supporting US trades exclusively.

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Yes, there is a new schedule for OASYS-only brokers who are looking to take up CTM. If you already have access to CTM in your organization, you do not need to sign an additional schedule to support US trades.

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DTCC ITP is waiving the CTM domestic base fee and onboarding charges for brokers migrating from OASYS to CTM and supporting US trades exclusively. For brokers utilizing CTM for cross border trading, a standard base fee will be charge.

ITP has harmonized the rates between CTM and OASYS for both Brokers and Investment Managers, the harmonized rates have been rolled out as of July 1, 2019.

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To reduce exceptions for US trades on CTM, we have produced a set of CTM Best Practices promoting the use of a USD Match Profile with tolerance matching on deal price and net amount. In addition, we are actively looking to reduce the number of investment managers who hide certain economic value fields on trades.

There are numerous other best practices which will be promoted as investment managers look to move US trades from OASYS to CTM. Primarily, the adoption of functionality aimed at enabling a no touch workflow including but not limited to: ALERT Key Auto Select (AKAS) SSI enrichment on the allocation in CTM, transferring maintenance of ALERT SSIs to the custodian via GC Direct, matching on PSET, and aggregating allocations under the block trade.

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Yes, almost all correspondent clearers already have access to CTM. DTCC is working very closely with correspondent clearers to support them as they look to move US trades to CTM.

If you access CTM via your clearer, they have the option to submit confirms directly to TradeSuite ID via CTM.

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We are committed to providing the same level of transparency into block trades via CTM that a broker currently has on OASYS. As IMs migrate traffic from OASYS we are strongly encouraging them to allege these trades against a specific broker BIC as opposed to using a broker matching group (BRMG) as this will facilitate full transparency. Additionally, in cases where this is not technically possible for the IM based on their CTM implementation, we’ve launched the following initiatives:

  • The CTM View Instructing Party Alleged (VIPA) subscription option is available to Investment Managers and enables sell-side clients to query and/or view blocks alleged against them when an investment manager has utilized a Broker Matching Group (BRMG) identifier which contains a single active broker BIC. The VIPA subscription option creates full visibility earlier in the trade life cycle and provides greater transparency to help expedite the resolution of block shaping discrepancies. The VIPA subscription was turned on for the majority of the CTM buy-side community in January 2019.

  • DTCC has created a new type of broker entity called a View Only Broker (VOB). The VOB entity grants a CTM broker view only access to unpaired investment manager alleged blocks, where the investment manager used a BRMG to identify the broker. The Investment Manager will need to add the VOB BIC to the applicable BRMG and this allows the VOB to view and monitor UNMATCHED trades alleged against them. The broker will use their normal CTM BIC to modify or process the trade to a MATCH AGREED state.

Additionally, ITP is exploring opportunities to align the way brokers arrange their BICs in CTM (via parent/child relationships) to the way IMs create and maintain BRMGs. This would build upon and enhance the VOB functionality mentioned above.

 

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Yes, CTM generates a Rule 10b10 compliant confirmation using information submitted by the broker as part of the central trade matching process. CTM has a full set of fields to support all the necessary disclosures brokers are required to make under this rule.

 

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As part of the ITP strategy we are focused on reducing and ultimately eliminating the need for a broker to interface with multiple systems. As such we have introduced a no touch workflow that allows confirms submitted to CTM to drop down into TradeSuite IDTM on behalf of the broker. This workflow is currently available.

 

If you choose not to implement this functionality and enable a no touch workflow then you will need to send confirms directly into both CTM and TradeSuite ID.


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