DTCC’s institutional central matching service CTM has gone live with its automated triparty trade matching workflow for prime brokers, with Societe Generale becoming the PB client to employ this solution
The electronic trading platforms will cover EUR-denominated bonds — including European government bonds, covered bonds and repo — US treasuries and Japanese government bonds
The solution is designed to address challenges facing financial firms — notably firms that want to expand into stock loan and which require the expertise or technology to build out the operational support
The Accelerated Settlement Taskforce report recommends that the UK should aim to move to T+1 no later than the end of 2027 — the government “fully endorses” this as firms require sufficient time to prepare for the transition