DTCC Interface

Automate Trade Settlement

The Depository Trust & Clearing Corporation (DTCC) Interface for settlement automates the tedious reconciliation and affirmation process for trades. The simplicity of the interface enables you to perform affirmation as early as trade date. Using seamless integration with other Advent products, the DTCC Interface frees you from the laborious process of manually modifying transactions post trade. This ensures portfolios are accurate and trades settle in a timely manner.

Key benefits of the DTCC Interface include:

• Allow electronic matching of trades based on custom needs, using flexible, user-defined matching criteria, including rules
• Affirm trades with the click of a button, so that firms only have to deal with exceptions 
• Amend existing transactions in portfolio files and replace a portfolio transaction using confirm details 
• Send real-time information updates, such as commission and exchange fees, directly to Moxy®, Advent’s trade order management system 
• Use internet connections (including VPN) to retrieve confirms and upload affirmations via Omgeo or Sungard  

Lower Costs through Reduced Errors

With Advent’s DTCC Interface for settlement, the matching and affirmation of a trade no longer needs to be a manual process. Advent offers the industry’s only automated, completely integrated solution for settlement management so you can boost your firm’s trading accuracy, as well as its client responsiveness. The software will help you grow your business without increasing overhead by improving operational efficiency and turning settlement management into a low risk, automated process.

(Available only in North America)