Anticipating T+2, SEC Approves Bloomberg's Trade Confirmation Alternative

CMS for equities, fixed income will provide second option to DTCC.

Ben Macdonald
Ben Macdonald, Bloomberg.

The platform, run through Bloomberg's STP LLC subsidiary, is aimed at shortening settlement cycles—T+2 has been a priority in the US for years—by providing an alternative service for confirm matching besides the industry-standard offering at the Depository Trust & Clearing Corporation (DTCC).

CMS, which will directly integrate with Bloomberg Professional, includes an open architecture for central and local matching; standard communication protocols, message and file transfer protocols, software

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here