DTCC’s Institutional Trade Processing (ITP) service suite has its origins in the set of trade processing solutions that constituted the Omgeo business. Combining DTCC's global solution for legal entity identifiers and its settlement capabilities with the formerly Omgeo-branded pre-trade and matching services, ITP offers buy-side, sell-side and custodian firms an end-to-end...
The Benchmarks service for the CTM service is DTCC's trading analysis and performance measurement solution for broker/dealers and investment managers. Comprised of the Trade Analytics tool, Peer-to-Peer Scorecard, Broker Report Card and Business Intelligence component, the Benchmarks service allows you to monitor and analyze your operational performance against industry standards, as well...
The CTM™ service is our strategic platform for the central matching of cross-border and domestic transactions automating the trade confirmation process across multiple asset classes, such as equities, fixed income, repurchase agreements (repos), exchange traded derivatives and synthetic equity swaps.
This area of the learning center provides you with resources to understand how your...
All CTM users can leverage our user interfaces to view and manage their matching exceptions. The latest version of the User Interface, 4.0, is available now and more functionality will be added throughout 2017 and beyond.
Older versions of the User Interface, 2.0 and 3.0 (also known as the Trade Blotter), can still be used in parallel with 4.0.
To learn more about the different user...
This section provides documentation covering features, functionality and best practices that apply across multiple Institutional Trade Matching services.
Specific content related to HTTPS, SFTP, MQ, and compliance requirements can be found by selecting a topic from the menu on the left.
The UI 4.0 is available to all current CTM users. Follow the steps below to get access:
Go to https://ctmweb.omgeo.net (Production) or https://ctmwebct.omgeo.net (Client Test).
Log in using your existing CTM User ID and Password.
You will be logged into the CTM UI 4.0. Your User ID will be permissioned with the same actions you have available when logged into your...
In the below table you can see a full list of all functionality available in the CTM UI 4.0. Any functionality not yet included in the CTM UI 4.0 can still be accessed using older versions of the UI.
Clicking on the hyperlinks for any of the features below will direct you to the related topic in the online help for the UI 4.0.
Support of Equity...
For detailed instructions on using all UI 4.0 functionality, you can use the online help. Click on the link below or access this directly from within the UI 4.0 once you're logged in.
UI 4.0 Online Help
Details about enhancements included in the most recent release can be found in the following document:
Product Release Information: UI 4.0 Release 7
The following documents review the place of the CTM service in the trade life cycle, matching with counterparty information, and the benefits of the CTM service. They also provide details about the technical infrastructure, including the variety of available interfaces and supported methods of connectivity.
Access to the ETD documents requires registration. Click Login or...
The below table lists the L1 pairing fields on blocks and allocations and whether these fields are mandatory or optional.
Will be made available with the CTM Functional Release 1 2018 scheduled for Q1 2018.
When setting your matching profile criteria, you can optionally set Deal Price as an L1 pairing field however if applied, this means that only trades with the exact same price can pair. This usually results in NOT MATCHED (NMAT) blocks.
We recommend that you configure Deal Price as an L2 matching field. That way, if there is a difference in the price field...
If during the matching process, the CTM service finds more than one counterparty component with all L1 pairing fields equivalent to your component, it evaluates an L1 tie-breaker field to choose among the pairing candidates as follows:
The value of your counterparty's L1 tie-breaker field must match yours exactly for the trade components to pair.
If the L1 tie-breaker field for more than...
The CTM platform uses a 2-level matching process to match both block (TradeLevel) and allocation (TradeDetail) messages.
Level 1 (L1) pairing identifies the basic core financials of the trade and all L1 components must pair before proceeding to L2 matching.
Level 2 (L2) matching ensures that selected fields meet the matching requirements of the investment manager.
Level 2 (L2) matching ensures that selected fields, such as trade amounts and broker commissions, are within the tolerance the investment manager has specified. L2 matching enables investment managers to customize the matching process to meet their business needs. They select the fields to match from the list of eligible L2 matching fields and decide the matching rules and tolerances for each...
Yes. In order to match trades through the CTM platform you need to have at least one default matching profile for each asset class you trade in. You create and update profiles using the Maintain Matching Profiles (MMP) tool available in the CTM Client-Facing Dashboard. For more information, visit CTM Client-Facing Dashboard.
No. There are three types of matching profiles available for use:
1. Named matching profiles are the most flexible because they are based on criteria you design, such as counterparty, settlement location and security type.
2. Currency-specific matching profiles indicate rules and tolerances for specific currencies.
3. Default matching profiles are required for each asset class.
The below table describes the matching tolerance option codes you can set on the eligible fields in a matching profile.
Tolerance values are disallowed
Use this code to provide an acceptable over-under percentage...
All matching profiles are created and maintained using the Maintain Matching Profiles (MMP) tool available in the CTM Client-Facing Dashboard, which you can access using the following links:
Client Test: https://ctmclientdashboard-ct.omgeo.net
For more information on using the Dashboard and view instructional videos, visit CTM...
Cross-settlement channel matching is a special feature for PSET. If either party submits CEDELULL (Clearstream Banking) and the counterparty submits MGTCBEBE (Euroclear) in the PSET field, the CTM platform does the following:
L2 successfully matches
Sets the FieldLevelMatchStatus to MATCHED (MACH)
Matching is also successful when the two parties...
As an MTI client, submit trade allocation details, including any allocation commissions, in your MTI file. The CTM platform automatically generates a TradeLevel based on these allocations, and calculates TotalBlockCommission as the sum of all commissions from those allocations. Since TotalBlockCommission is a calculated field, you cannot force-match the field to correct a...
To address issues with matching on SettlementAmount, use the optional subscription SAL2, which controls whether the CTM platform applies L2 on the SettlementAmount field at the allocation/confirmation (TradeDetail).
The following two scenarios outline business cases when conditional matching rules apply.
You do not provide a SettlementAmount value and...