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
This integration connects the New York-based bank’s US$5.25 trillion triparty liquidity pool with the electronic securities financing trading platform’s US$2 trillion network.
Founded in 2013 by ASX, B3, Clearstream and Strate, the Liquidity Alliance is a global association of market infrastructures, delivering collateral management services
