corfinancial’s post-execution trade processing solution Salerio has been selected by Man Group, to assist in their migration from the OASYS US securities trade processing flows to the DTCC’s institutional trade processing (ITP) central trade manager (CTM) platform.
Last year, DTCC announced that it would decommission OASYS on 31 October 2021.
Man Group has been working with Salerio for many years to help automate key post-trade processes, including trade confirmation and settlement for international securities.
Salerio provides connectivity to DTCC’s CTM platform and Man Group managed the transition of US equity trades processing via OASYS to the CTM utility.
Antonio Dos Santos, head of London investment operations at Man Group, says: “We wanted to ensure the continuity of our centralised post-trade processing in light of the changes soon being introduced by the DTCC. With Salerio’s rich workflow capabilities, the transition was a simple one and we moved most of our US equity traffic over to the Salerio CTM module with ease.”
David Veal, senior executive – client solutions at corfinancial, adds: “During 2020, we enhanced Salerio to ensure that it fully encompasses the changes being introduced by the DTCC that allows the processing of both US and international post-trade securities through the CTM service.”
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