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 that explain the benefits of using CTM, how you can connect to the service and the additional functionality that is available to you.
DTCC works to advance industry-leading 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 service providers 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 |
| 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 |
DTCC works to advance industry-leading 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 service providers 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 |
| 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 |
The following guides provide the tasks and timeline for the different options available to investment managers who are looking to implement the CTM service. Further implementation guides will be available for the following:
- Financial Information eXchange (FIX)
CTM Implementation Guides - Investment Managers
| # | Name | Description | Added On |
|---|---|---|---|
| 1 |
 Implementation Guide for CTM Direct with ALERT New! | Describes the implementation tasks and timeframes to implement the CTM Service using Direct XML with ALERT | Apr 29, 2019 |
| 2 |
Implementation Guide for CTM MTI with ALERT New! | Describes the implementation tasks and timeframes to implement the CTM Service using Message Translation Interface (MTI) with ALERT | May 07, 2019 |
| 3 |
Implementation Guide for CTM Settlement Notification with ALERT | Describes the implementation tasks and timeframes to implement the CTM service to use Settlement Notification with ALERT. | Apr 10, 2019 |
The following guides provide the tasks and timeline for the different options available to broker/dealers who are looking to implement CTM. Further implementation guides will be available for the following:
- Financial Information eXchange (FIX)
CTM Implementation Guides - Brokers
| # | Name | Description | Added On |
|---|---|---|---|
| 1 |
Implementation Guide for CTM Direct with ALERT | Describes the implementation tasks and timeframes to implement the CTM service using Direct XML with ALERT. | Apr 12, 2019 |
| 2 |
Implementation Guide for CTM Manual Interface with ALERT | Describes the implementation tasks and timeframes to implement the CTM service to use the Manual User Interface with ALERT. | Mar 20, 2019 |
| 3 |
Implementation Guide for CTM MTI with ALERT | Describes the implementation tasks and timeframes to implement the CTM service using MTI (Message Translation Interface) with ALERT. | Mar 22, 2019 |
For clients who are migrating their US trades from OASYS to CTM, the following documentation set provides detailed information on how to continue to support some OASYS functionality related to equity options, auto-affirmation and stepouts using the CTM service. Whilst some of this functionality is not available until Q3 2019, this documentation provides details to allow you to prepare to implement this functionality once available.
Click the Document Title to download.
| Document Title | Availability | Description |
| Equity Options: Implementation Guide | Q3 2019 | 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. |
| Trade Match for CTM (auto-affirmation) | Q3 2019 | 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 | Q3 2019 | Reference and guide for investment managers who use the CTM service for stepouts to direct commission dollars from an executing broker to another broker. |
| US Domestic Trade Processing: Reference and Best Practices | Now | Describes best practices and serves as a reference for clients who use the CTM service for trades that settle in the US. |
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, how US trades can be processed today using CTM and TradeSuite ID with Auto-Affirm and our optimal future state workflow that uses the CTM USDI (U.S Depository Interface) workflow to leverage no touch-processing.
Workflow Listing
Access the following workflows using tabs provided. Hover over the numbered steps in each workflow to learn more.
- US Trade Flows through OASYS Trade Match
- US Trade Flows through CTM (currently available)
- US Trade Flows through CTM (available in the future)
Watch the following short videos to understand more about the initiative to move US trades to the CTM service.
1. Introduction (1:31)
2. Current and Future State Workflows (4:09)
3. Benefits (2:15)
4. Comparison of OASYS and CTM (7:01)
5. CTM User Interface Demonstration (10:41)
For more information or to sign up for the CTM service, please contact us directly via Service Central.