About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

CTM Debuts New Tri-Party Matching Workflow for Prime Brokers with Société Générale as First to Go Live

Subscribe to our newsletter

The Depository Trust & Clearing Corporation (DTCC), the leading provider of post-trade market infrastructure for the global financial services industry, has announced Société Générale as the first Prime Broker to adopt the Central Trade Manager’s (CTM) automated tri-party trade matching workflow. This development comes as the financial services sector worldwide braces for T+1 and more stringent accelerated settlement demands. The innovative feature by CTM simplifies the exchange of trade information across Hedge Funds, Prime Brokers, and Executing Brokers. Initially rolled out for the EMEA securities markets, DTCC plans to extend this functionality to additional markets in the future. 

With an industry-wide push towards enhanced accelerated settlement processes, organizations are scrutinizing their post-trade procedures more closely. Traditionally, Prime Brokers have faced challenges with the diverse formats and timing of trade detail deliveries from Hedge Funds, leading to post-trade processing delays. CTM’s latest tri-party matching solution addresses these challenges by standardizing and automating the delivery of Hedge Fund trade files, enabling real-time communication of trade details and supporting a seamless trade processing flow. 

This innovative workflow utilizes CTM’s automated central matching system, offering Prime Brokers a golden copy of trade details upon the successful matching of trades between a Hedge Fund and an Executing Broker.

  • Synchronizes automation of the trade communication to all Prime Brokers 
  • Provides automated real-time trade notifications 
  • Intelligently identifies Prime Broker recipients via golden source Standard Settlement Instructions (SSI) database 
  • Increases the use of PSET matching via CTM to mitigate settlement risk 
  • Enriches transactions in CTM with ALERT SSIs, providing increased settlement instruction transparency 

Andrew Daponte at Société Générale notes “Right from the start we were excited to be part of the initiative. CTM’s tri-party matching workflow provides a much-needed solution in the prime brokerage space that improves post-trade processing workflows. The service integrates CTM into the Prime Broker environment, which increases efficiency, capacity, and the client experience on the platform.”

“It is exciting to see Société Générale’s adoption of CTM tri-party workflow capabilities, a critical enabler of accelerating settlement as it automates the communication of golden trade copy to Prime Brokers as soon as a match between the Hedge Fund and Executing Broker takes place within the CTM platform,” said Val Wotton, Managing Director and General Manager of DTCC Institutional Trade Processing. “We look forward to bringing greater automation to Prime Brokers in EMEA and around the world as part of our plan to best support global financial markets, helping the industry prepare for future accelerated settlement initiatives.” 

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

From Broker Bias to Independent Insight: The Case for Cloud-Native TCA

For years, the path of least resistance for buy-side transaction cost analysis (TCA) was simple: let the broker do it. Historically, asset managers have relied on their execution counterparties to provide post-trade reporting. It was a workflow of convenience. Brokers executed the trades and subsequently provided the analysis on how well they performed. However, this...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...