corfinancial, a leading provider of specialist software and services to the financial services sector, announces today that its Salerio post-trade system is now fully tested and ready to assist firms in the migration away from DTCC’s legacy OASYSTM platform.
The Depository Trust & Clearing Corporation (DTCC) is a post-trade financial services company providing clearing and settlement services to the financial markets. The firm has confirmed plans to decommission its OASYSTM solution by October 2021, resulting in the compulsory migration of users to its CTMTM processing model in order to continue the automated processing of US domestic trades.
DTCC recently announced that a small number of financial services technology providers have agreed to certify their interfaces in support of enhanced US trade flow capabilities in DTCC’s CTMTM service. Salerio is now a certified solution to facilitate the transition away from OASYS, having successfully completed its conformance testing with DTCC.
David Veal, Senior Executive, Client Solutions, corfinancial: “Working as an early adopter partner with DTCC throughout the second half of this year ensured that we were well prepared for the modifications that they were applying to their CTM utility. Salerio has been updated with the OASYS parity functionality. Our solution is quick to implement, due to our standard model approach, fully functional CTM connectivity and workflow,” added Veal. “Salerio clients that require this functionality ahead of the October 2021 deadline are good to go.”
– ENDS –
Notes to editors
About corfinancial
corfinancial provides software solutions and advisory services to banking and financial services organisations worldwide. The firm has offices in London, New York and Boston. For more information, visit www.corfinancialgroup.com
There are five key problem areas corfinancial looks to solve through its primary software and service offerings: salerio is a post-trade processing solution that enables asset managers, hedge fund managers and securities/fund services firms to automate the flow of securities and treasury trades from matching through settlement. SureVu empowers buy- and sell-side firms to efficiently monitor and track security trades throughout the settlement lifecycle, enabling users to proactively manage and oversee settlement exposure. BITA Risk provides end-to-end private client suitability, portfolio management, risk, ESG and monitoring oversight solutions; brought together in BITA Wealth to mirror and systemize the investment process of wealth managers and private banks and available individually for CIO and investment teams. paragon is a comprehensive front-to-back office fixed income portfolio accounting, processing and reporting solution for banks. costars is an investment administration platform for third party administrators, fund supermarkets and wealth management companies.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201221005013/en/