Serisys Solutions Ltd. (“Serisys”), a financial technology provider to the capital markets, today announced that its post-trade software, ADYPT CLOUD, now includes a certified interface to The Depository Trust & Clearing Corporation (DTCC)’s CTM, a strategic platform for the central matching of cross-border and domestic transactions across asset classes.
“Serisys is delighted that DTCC has certified the interface between CTM and ADYPT CLOUD. This development further extends the processing capabilities of ADYPT CLOUD, enabling users to efficiently match and confirm trade details between buy-side firms and broker/dealers leveraging CTM; increasing transparency and reducing risk of trade breaks,” said Tim Marsh, Chairman and CEO of Serisys.
Andrew Hughes, Executive Director, Partner Program, DTCC, said, “The interface from CTM to ADYPT CLOUD will benefit the wider industry. In partnering with Serisys, we can provide straight-through-processing across the full post-trade lifecycle, which will result in both greater operational efficiency and transparency.”
The interface was rapidly developed with ADYPT CLOUD’s Xtreme Modelling, allowing the efficient processing of all financial instruments as well as reducing cost of operations and operational risk.
Contributed | what does this mean?