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](/sites/default/files/styles/landscape_750_463/public/import/IMG/087/188087/ben-macdonald.jpg.webp?h=bb5015d0&itok=5RXpwsGr)
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
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