![]() ![]() ![]() Omgeo officials say that the goal is for Bloomberg and SS&C to link their US matching services to the DTC’s settlement system in the fourth quarter of 2016. (DTCC), the US market infrastructure responsible for clearing and settling US securities transactions. Omgeo and DTC are subsidiaries of Depository Trust & Clearing Corp. Although the bulk of their discussion focused on the growing use of the FIX message protocol in the post-trade space, the status of the coming linkage among Bloomberg and SS&C’s matching platforms with Depository Trust Company (DTC), the US national securities depository, drew plenty of attention from attendees. Financial firms wanting to use central matching platforms other than industry leader Omgeo to acknowledge their US trade details will no longer have to worry about meeting a two-day settlement cycle in the US.Īn otherwise chilly competitive relationship among Bloomberg, SS&C Technologies and Omgeo is now turning into a respectful friendship of sorts, as evidenced at a gathering of the FIX Trading Community in New York last week where officials of each organization sat together on a panel. ![]()
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