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Article: Trade matching to settlement made easy.
- Article from:
- M2 Presswire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-9 November 2009-Xtrakter: Trade matching to settlement made easy(C)1994-2009 M2 COMMUNICATIONS
RDATE:09112009
Brussels and London -- Euroclear Bank and Xtrakter are launching immediately the means for mutual clients to automate transaction information flows from trade matching through to settlement. As a result, client trade data matched by Xtrakter's trade matching system - TRAX - will be processed straight through for settlement at Euroclear Bank, thereby eliminating trade matching duplication and reducing post-trade costs and risks. The number of unsettled transactions should also decline as a result of straight-through processing (STP). ...