Centralize Trade Validation and Reporting
Standardizes trade data submitted by exchanges and broker-dealers, creating a consistent foundation for processing, reporting and downstream workflows.
Universal Trade Capture (UTC)
Centralized Trade Processing Across U.S. Equity Markets
In today’s fast-paced equity markets, firms need a reliable and standardized way to capture, validate and route trades across multiple platforms and participants. Without a centralized mechanism, trade data can become fragmented, leading to inefficiencies, increased risk and operational complexity.
Universal Trade Capture (UTC) is a service provided by NSCC that addresses this challenge by validating and reporting equity transactions submitted throughout the trading day by U.S. exchanges or authorized broker-dealers. UTC ensures that validated trades are forwarded to NSCC's CNS® system for centralized settlement and that CNS®-ineligible trades are processed through trade-for-trade (TFT) or multilateral net balance order methods.
Key Features & Benefits
Reduce Risk Through Intelligent Settlement Routing
Directs CNS®-eligible trades to centralized net settlement while supporting alternative settlement methods for non-CNS®-eligible transactions, improving accuracy, enhancing transparency and reducing processing errors.
Enable Flexible Market Participation
Provides flexibility through multiple processing workflows, including Qualified Special Representative (QSR) arrangements, Correspondent Clearing models and near-continuous 24x5 trading, enabling firms to participate in the market in ways that best fit their business needs.
Deliver Real-Time Trade Visibility
Participants receive standardized contract output via FIX, MQ or machine-readable files, improving transparency and supporting timely decision-making.
Using This Service
Eligible NSCC Members
Universal Trade Capture (UTC) is available to Exchanges and Qualified Special Representatives (QSRs) that are NSCC Members.