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.

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