TradeSuite ID ^®

TradeSuite ID has been a cornerstone of the U.S. equity and fixed-income markets for more than 35 years. 随着行业的发展, so has TradeSuite ID – offering market participants robust compliance, 流线型的自动化, 增强的功能.

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  TradeSuite ID automates the electronic distribution of trade details between counterparties for post-trade processing of 直接转矩-eligible securities to facilitate electronic settlement and end-users’ regulatory compliance, including the option to enrich confirms with additional disclosures via inSITE (for SEC-registered broker dealers) with an additional subscription. TradeSuite ID also includes a matching functionality via the TradeMatch module of the system. 取决于订阅类型, TradeSuite ID includes the option to access archival services (Confirm Archive) and ITP数据分析 Operational Metrics (including a T+1 Scorecard). A 存 ITP end-user client can subscribe to TradeSuite ID as a standalone service. The end-user client is not required to subscribe to any other 存 ITP service to use TradeSuite ID.

• 谁可以使用该服务

  End-users who complete 存 ITP’s requisite legal documentation and client onboarding process can use TradeSuite ID for 直接转矩-eligible transactions. 多于1,600名经纪人, 投资经理, hedge funds and custodians/agent banks use TradeSuite ID every day to process their U.S. 国内交易.

• 好处

  TradeSuite ID delivers substantial efficiency and cost savings to firms through automated electronic trade agreement between counterparties. This streamlined end-to-end process reduces operational risk by eliminating manual and verbal communications, while accelerating the time from trade date to settlement. Since firms no longer need to generate and deliver paper confirmations to counterparties, 印刷带来的节省, 邮件, and storing trade documents can be significant.

  In an environment where change is constant and reliability often elusive, TradeSuite ID的坚实历史和99.99% availability supporting mission-critical operations stand out. It sets the bar for dependability of electronic trade agreement — even at high volumes of over 2 million confirmations per day.

  此外，TradeSuite ID

  • Integrates with 中医 via 中医’s Match to Instruct (M2i) workflow to generate confirms and affirms at matched agreed which are sent to the 直接转矩 Inventory Management System for further distribution and staging for settlement.
  • Has multiple implementation options, allowing for flexibility in the method of system access. 从MQ消息队列中选择, CCF批量处理, 斯威夫特(M509 / M515 / M517), 参与者浏览器系统(PBS), 用户界面, 确认确认, NearMatch), 贸易中心或合作伙伴接口.
  • Automatically links to 存 to facilitate settlement of 直接转矩 eligible securities (IMS, 中枢神经系统, IDNet, 等.)
  • Handles high volumes of confirmations quickly and efficiently.
  • Accelerates the confirm/affirm electronic trade agreement process, providing more time to identify errors or mismatches in trade details.
  • Saves industry costs and mitigates operational risk by increasing the likelihood that a trade will settle.
  • Allows for additional disclosures using inSite.

• 它是如何工作的

  TradeSuite ID

  • Provides seamless connectivity into 存 and NSCC, including 中枢神经系统 and ID Net.
  • Handles high volumes of confirmations quickly and efficiently
  • Accelerates the confirm/affirm electronic trade agreement process, providing more time to identify errors or mismatches in trade details
  • Saves industry costs and mitigates operational risk by increasing the likelihood that a trade will settle.
  • 改善客户服务.

  TradeSuite ID also enables compliance with all existing and newly introduced mandates from the SEC, 美国金融业监管局, MSRB和其他监管机构. Through a series of “no action” letters, the SEC sanctioned the use of Omgeo solutions to fulfill recordkeeping and disclosure obligations electronically. Broker/dealers who subscribe to inSITE® and Confirm Archive in conjunction with TradeSuite ID can offer clients the peace of mind that post-trade operations are in compliance.

  此外，这些解决方案:

  • Meet SEC rule 10b-10 and MSRB Rule G-15 obligations for disclosure of trade details, 在其他要求中
  • Satisfy SEC rule 17a-3 and 17a-4 for creation, storage and retention of confirmations
  • Promote industry best practices for transparency, auditability, monitoring and control
  • Fulfill 美国金融业监管局 rule 11860 regulatory obligations for confirmation/affirmation processing
  • Assume regulatory and administrative responsibility for archive management