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OTC Derivatives Trade Matching
Message Automation, helps clients match OTC trade representations (such as confirmations) between their own versions and those of counterparties, brokers, and third party administrators.We can help you get trades out of your own systems in order match them. In collaboration with Global Electronic Markets, we provide the Mediator matching and validation engine. This supports matching of the full economic details of all types of trade, using our unique deep structure matching for structured products.
- Prevent costly errors - by reconciling internal and external trades on a daily basis and identify discepancies early in the lifecycle.
- Fully match incoming trades - from bilateral links, DTCC or Swapswire. More than just trade identifier matching!
Why Message Automation?
Matching OTC derivatives trades is a task unlike that encountered with other types of financial products. It is about addressing complexity, responding to change, understanding the products, and dealing with a variety of different systems.
- Innovation: Mediator goes beyond traditional matching engines. Its structure matching algorithm is ideal for OTC derivatives.
- Cross asset-class: Credit Derivatives, Equity Derivatives, Interest Rate and FX Derivatives - or your own structured products. Our matching algorithm is rule driven and can handle anything.
- Expertise: We are FpML experts and know the products you are dealing with.
- Market compliant: Mediator is built to support FpML or similar internal standards.
- Speed: We can match the full details of 10 structured trades a second, on a single processor.
- Future Proof: We can match across FpML versions or even against wrapped messages. Mediator handles "roll-ups" of multiple trades