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: Agility as Alpha: How Trading Infrastructure Determines Who Wins in Volatile Markets

Tariff shocks, geopolitical realignment and macroeconomic regime shifts are redrawing the investment landscape faster than most firms’ technology stacks can keep up. For hedge funds and asset managers, the ability to move quickly into new asset classes, geographies or strategies is no longer just an operational concern – it is a front-office differentiator and, increasingly,...

BLOG

Reg NMS Repeal Proposal Puts Routing Controls and Best-Execution Evidence Back in Focus

The US Securities and Exchange Commission (SEC) has proposed a partial repeal of a two-decade-old equity market structure rule, reopening a debate over whether prescriptive intermarket price protection remains suited to the way US equities now trade. The proposal would rescind Rule 611 of Regulation National Market System (Reg NMS), the trade-through rule, and Rule...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...