Over 1,800 firms have migrated institutional trade matching, or are in the process of doing so, from the legacy DTCC Oasys service to the newer platform CTM.
The transition, according to a press release, means that 99 percent of US trade flow volumes on Oasys has now moved over to CTM.
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The CTM service comprises SWIFT messaging and enrichment from DTCC’s Alert database. For US trades it further provides direct integration with DTC settlement.
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