• Institutional Trade Processing Learning Center

    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...
  • Data Reference

    Use the data reference resources for an overview, controlled field values, error handling, and field definitons.
  • Benchmarks for CTM

    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...
  • CTM FAQs

    Use the FAQs to learn more about specific areas of the CTM service.
  • Best Practices

    Use the following general and market-specific best practice documents to learn more about how to optimize your use of the CTM service. General Market-Specific
  • System and Setup

    Use the system and setup resources to install and configure the CTM service. Installation and Configuration .NET Framework Batch Scheduler
  • Product Release Information (Current and Archive)

    Use the Product Release Information documents to learn more about each CTM release. 2018 2017  
  • CTM™

    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...
  • User Interfaces

    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...
  • Videos—Matching Profiles (Investment Managers)

    Watch the videos in this section to learn more about matching profiles.
  • Videos—Manual Trade Entry for Broker/Dealers

    Watch the videos in this section to learn more about manual trade entry in the trade blotter.
  • Videos—Broker Matching Groups (BRMGs)

    Watch the videos in this section to learn more about BRMGs.
  • Videos—inSITE

    Watch the videos in this section to learn more about the inSITE service.
  • Videos—Handling Exceptions

    Watch the videos in this section to learn more about handling exceptions.
  • Video—Access the CTM Client-Facing Dashboard

    Step-by-step instructions to access the CTM Client-Facing Dashboard.  
  • Videos—Settlement Notification and Other Services

    Watch the videos in this section to learn more about settlement notification and Copy For Information (CFI).
  • Cross-Product

    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.  
  • Videos—Confirm Archive for the CTM Service

    Watch the videos in this section to learn more about Confirm Archive for the CTM service. 
  • Video—Introducing the UI 4.0

    Watch this short, introductory video to learn more about all of these benefits and see a demonstration of the CTM UI 4.0.
  • How to Upgrade to the UI 4.0

    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...
  • Features and Functionality of the UI 4.0

    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. Feature/Functionality  Support of Equity...
  • Documentation—UI 4.0

    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
  • Exchange Traded Derivatives (Futures and Options)

    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...
  • Videos—All Confirm Archive Users

    Watch the videos in this section to learn more general Confirm Archive functionality
  • Documentation—Confirm Archive

  • What is L1 pairing?

    L1 pairing is the comparison by CTM of mandatory minimum set of critical data fields on two sides of a trade. All L1 components must pair before proceeding to L2 matching.
  • Which fields does CTM evaluate during L1 pairing (EQU/DBT trades)?

    The below table lists the L1 pairing fields on blocks and allocations and whether these fields are mandatory or optional. Field Name Mandatory/Optional? Further Information TradeLevel (Block)   Block UTI Optional Will be made available with the CTM Functional Release 1 2018 scheduled for Q1 2018. Buy/Sell...
  • Should "Price" be used for L1 pairing?

    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...
  • How does the CTM matching process use tie-breakers?

    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...
  • Matching Process

    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.   The following...
  • What is L2 matching?

    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...
  • Do I need a default matching profile? If so, how do I create one?

    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.
  • Am I limited to default matching profiles only?

    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...
  • What are the matching tolerance options I can set on fields in my matching profile?

    The below table describes the matching tolerance option codes you can set on the eligible fields in a matching profile. Code Description Parameter 1 Parameter 2 Notes EXCT Exact Match Not applicable Not applicable Tolerance values are disallowed PTOL1  Percentage Tolerance Above/Below Not applicable Use this code to provide an acceptable over-under percentage...
  • When I specify a minimum/maximum tolerance on my default matching profile, is it based on the locally traded currency or the settlement currency?

    Except for SettlementAmount on the TradeDetail, all amounts are based on the traded currency. To match on Settlement Amount in a different currency, your broker/dealer counterparty must be a CTM user.
  • How do I create and edit matching profiles?

    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: Production: https://ctmclientdashboard.omgeo.net Client Test: https://ctmclientdashboard-ct.omgeo.net For more information on using the Dashboard and view instructional videos, visit CTM...
  • Does the CTM platform support cross-settlement channel matching for differing PSET values?

    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...
  • Using the Message Translation Interface (MTI), can I match on Trade Commissions for a block trade?

    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...
  • I have a trade that has MISMATCHED on several fields. Can I force-match just one of the fields or do I have to force-match all of them?

    A force-match applies to MISMATCHED fields on a trade. To change one of your MISMATCHED fields, you can amend that value on your trade side.
  • I want to match on Settlement Amount, but my broker counterparties typically only populate Settlement Amount when it's not the same as the Net Cash Amount. How can I consistently match on Settlement Amount?

    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.   Scenario 1 You do not provide a SettlementAmount value and...

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