Société Générale Goes Live on DTCC’s CTM Tri-Party Trade Matching Workflow

Société Générale has become the first prime broker to tap DTCC’s CTM’s new automated tri-party trade matching workflow as the industry prepares for the heightened focus on meeting global accelerated settlement requirements. According to a story in The Trade news, the introduction of CTM’s new workflow aims to streamline trade communications among hedge funds, prime brokers and executing brokers. By integrating CTM’s tri-party matching functionalities, the platform standardizes and automates the delivery of hedge fund trade files, supporting real-time communication of trade details and fostering smooth trade processing flows. The new workflow utilizes CTM’s automated central matching functionality to furnish prime brokers with a definitive record of transaction details upon a trade match between a hedge fund and an executing broker, introducing real-time standardization and automation to the trade allocation process. Other key features include synchronizing automation of the trade communication to all prime brokers, automating real-time trade notifications, identifying prime broker recipients via a golden source SSI database, and enhancing transactions in CTM with ALERT SSIs, promoting increased settlement instruction transparency. Additionally, the workflow provides a golden trade copy that has been pre-matched by the hedge fund and executing broker.