The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC Adds Exception Manager to Trade Processing Product Suite

DTCC has introduced Exception Manager, an addition to its institutional trade processing product suite. The solution supports all securities transactions and is designed to allow market participants to publish, manage and communicate exceptions throughout the trade lifecycle.

The exception manager includes a central online industry platform that provides a single view of all post-trade exceptions, analytics to help identify the root cause of operational breaks, and the ability to solve problems at the source, such as incorrect standing settlement instructions (SSIs).

The service also provides a configurable risk dashboard to measure and chart exceptions based on risk criteria, as well as work assignment and collaboration capabilities that enable timely resolution between trade support and pre-settlement groups with secure communications functionality, audit trails and reports.

The exceptions and workflow management service was developed by DTCC in response to client requests for an industry platform to aggregate and better manage settlement issues across multiple parties. Matthew Stauffer, managing director and head of institutional trade processing at DTCC, says the solution “centralises and standardises exception processing to enable faster resolution, deliver a significant reduction in the number of exceptions, and support exceptions in trade validation and settlement processing”.

DTCC Exception Manager is targeted at all parties involved in the trade lifecycle, including buy-side firms, outsourcers, broker/dealers, custodians, prime brokers, clearing brokers and other settlement agents.

Related content

WEBINAR

Recorded Webinar: Developing operational resilience

Financial institutions’ operational resilience – essentially the ability to prevent, adapt and respond to, and recover and learn from operational disruptions – has come under extreme pressure during the coronavirus pandemic, with last year’s March lockdown creating unprecedented circumstances for financial firms. Employees working from home raised the stakes, as they still do, adding to...

BLOG

Confluence Acquires Fundpeak to Address Funds’ KIID, PRIIPS Requirements

Pittsburgh-based risk and regulatory solution specialist Confluence Technologies has agreed to acquire Fundpeak, a provider of tools for helping buy-side firms manage their marketing and communications based in Czech Republic. The acquisition aims to strengthen Confluence’s offerings in the segment by leveraging Fundpeak’s expertise in providing secure fund portals and marketing tools such as fund...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...