ICE Clear US deploys Micro Design Services post trade management system
21 December 2007 | 2716 views | 0
Source: Micro Design Services
The Intercontinental Exchange (ICE) Clear U.S. has deployed the new electronic Post Trade Management System (PTMS) for ICE trades that was designed and developed by Micro Design Services.
The PTMS allows client firms to efficiently manage their trades and trade allocations prior to their submission to the trade clearance system at the Exchange's Clearinghouse, ICE Clear U.S.
The PTMS incorporates functionality already available to the Exchange's members and new functionality necessary to interface to electronic trading systems. The System was developed utilizing the Oracle Database Management System (DBMS). The PTMS is used by Brokers, Clerks and Clearing members to manage trades that have been executed electronically on the ICE electronic trading platform as well as trades executed in New York on the trading floor. The PTMS successfully went live on August 1, 2007."