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.
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. Onboarding guides outlining the interface options which are available for you to implement a connection to the CTM service
2. Counterparties who already support the matching of US trades on CTM
3. Next steps to begin your move from OASYS to CTM.
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.
| # | Name | Description | Added On |
|---|---|---|---|
| 1 |
Onboarding 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. |
10 April 2019 |
| 2 |
Onboarding Guide for CTM Direct with ALERT: Investment Managers
|
Describes the onboarding tasks and timeframes to implement the CTM Service using Direct XML with ALERT |
29 April 2019 |
| 3 |
Onboarding 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. |
07 May 2019 |
| 4 |
Onboarding 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 |
10 June 2019 |
| 5 |
Onboarding 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. |
01 August 2019 |
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.
Next Steps
To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.
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.
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.
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 |
| CTM: 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. |
| CTM: 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. |
| CTM: 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. |
To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.
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. 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.
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.
| # | Name | Description | Added On |
|---|---|---|---|
| 1 |
Onboarding 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. |
20 March 2019 |
| 2 |
Onboarding 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. |
22 March 2019 |
| 3 |
Onboarding Guide for CTM Direct with ALERT: Broker/Dealers
|
Describes the onboarding tasks and timeframes to implement the CTM service using Direct XML with ALERT. |
12 April 2019 |
| 4 |
Onboarding 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 |
05 June 2019 |
| 5 |
Onboarding 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. |
01 July 2019 |
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.
Next Steps
To kick off your migration project, please contact us via ServiceCentral or contact your Relationship Manager directly.
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.
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.
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 |
| CTM: 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. |
| CTM: 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. |
| CTM: 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. |
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.