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

Linedata Upgrades Link to DTCC Cross-Border Transaction Matching Platform

Subscribe to our newsletter

Linedata has upgraded the interface between DTCC’s platform for central matching of cross-border transactions (CTM) and its Longview order management system (OMS) to improve workflows required by Markets in Financial Instruments Directive II (MiFID II).

The companies have worked in partnership for 10 years, providing asset managers and hedge funds with a direct interface to CTM. This allows users to send trade allocations to their broker/dealers and automatically generate affirmations for matched trades in real time, reducing costs and risks by offering a better way to monitor post-trade workflow and any exceptions. Users also gain connectivity to DTCC’s OASYS, the company’s US domestic trade allocation and acceptance service that communicates trade and allocation details.

The interface uses Linedata’s Extensible Markup Language (XML) to allow users to match transactions across extended asset classes, including cash and fixed income instruments, as well as futures, options, equity swaps and repurchase agreements. This allows users to process multiple asset class trades on a single platform.

From a DTCC perspective, the interface uses CTM’s PUSH technology, which pushes messages to clients in real time as opposed to legacy technology that pulled messages on a scheduled basis.

Matthew Nelson, managing director of institutional trade processing at DTCC, comments: “Linedata is a strategic partner and we work closely to ensure that our mutual clients, of which there are over 50, can seamlessly connect from Linedata Longview to DTCC’s CTM, which includes commission reporting features to meet MiFID II obligations.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

Beyond the Blueprint: Integrating Data Fabric and Data Mesh in Capital Markets

The demands placed upon modern trading infrastructures, driven by increasing data volumes, the mandate for real-time processing, and stringent regulatory requirements, are exposing the limitations of historical data architectures. In response, capital markets firms are accelerating the re-evaluation of their data strategies to secure greater agility, scalability, and enhanced governance. A recent webinar hosted by...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

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,...