19 September 2017
Reporter: Jenna Lomax

Linedata and DTCC keep partnership going

Linedata has extended its 10-year partnership with the Depository Trust & Clearing Corporation (DTCC), introducing transactions-matching capabilities.

Linedata has upgraded the interface between DTCC’s platform for cross-border transactions, CTM, and its Linedata Longview solution, to generate automatic affirmations for matched trades, and to allow users to send trade allocations to broker-dealers.

The upgrade comes as Linedata and DTCC strive to support clients as they prepare for the second markets in financial instruments directive (MiFID II) implementation in January 2018.

The new updated programme, Extensible Markup Language allows Linedata clients to match transactions across extended asset classes, and enables trade processing on one platform.

According to Linedata, the new interface uses CTM’s PUSH technology, which pushes messages to clients in real-time, as opposed to legacy technology that pulled messages at a scheduled time.

Matthew Nelson, managing director of institutional trade processing at DTCC, said: “Linedata is a strategic partner, and we work closely to ensure that our over 50 mutual clients can seamlessly connect from Linedata Longview to DTCC’s CTM, which includes commission reporting features to meet MiFID II obligations.”

The renewed partnership between Linedata and DTCC-Euroclear comes just weeks after Linedata hired new innovation director, Sophie Février, and days after DTCC integrated its margin transit utility (MTU) programme, GlobalCollateral, with Lombard Risk’s Colline solution.

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
FS-ISAC enables safer financial data sharing with API
20 February 2018 | Virginia | Reporter: Jenna Lomax
The introduction of the new API supports enhancements to secure financial data transfer including improvements in speed and error reduction
Nasdaq and OPCOM sign new market technology agreement
15 February 2018 | Bucharest | Reporter: Jenna Lomax
The agreement means Nasdaq will deliver new matching engine and clearing technology to OPCOM, Romania's market operator for gas and electricity
GFT Technologies creates new DLT platform
13 February 2018 | London | Reporter: Jenna Lomax
GFT Technologies, together with its partners in Italy, is to set up a secure cross-platform blockchain distributed ledger technology network across Europe
Citi opens new technology hub in London
13 February 2018 | London | Reporter: Jenna Lomax
Citi is expanding its network of Global Innovation Labs, with the opening of a new hub in London
Companies using blockchain gain important advantage
08 February 2018 | London | Reporter: Becky Butcher
Companies, which are able to leverage blockchain technology, will gain an important advantage over their competitors and according to GlobalData’s payments analyst Samuel Murrant, the market is sure to follow
LINE launches new subsidiary to research and promote blockchain
07 February 2018 | Tokyo | Reporter: Jenna Lomax
The launch of LINE Financial Corporation is a follow-up to the release of LINE’s LINE Pay – a mobile money transfer and payment service
Alantra Equities goes live with ULLINK’s MiFID II compliance solutions
01 February 2018 | Paris | Reporter: Jenna Lomax
Formerly known as N+1 Equities, Alantra went live with ODISYS and NYFIX in advance of MiFID II
More technology news