Post-trade securities and derivatives processing solutions provider, Torstone Technology, has successfully completed its Middle Office product certification with the Depository Trust & Clearing Corporation’s (DTCC) Central Trade Manager (CTM) service. The collaboration with DTCC’s CTM, a global central matching platform, is timely in light of the upcoming US transition to a T+1 settlement cycle in 2024. The integration aims to provide automated central matching, essential for maintaining accuracy and efficiency in the face of shorter settlement periods.
The certification of Torstone’s Middle Office product with DTCC’s CTM promises to not only streamline the implementation process but also offer a more reliable and secure environment for post-trade activities. Additionally, the integration includes features from DTCC’s ALERT, the industry’s most extensive database for the maintenance and communication of settlement instructions.
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