Trade Allocation & Matching: CTM®

CTM – our central trade matching platform – automates the allocation, confirmation and matching of trades. CTM’s market-leading T+0 workflow delivers the scale, connectivity and efficiency required to achieve T+1 settlement.

Trade Allocation and Matching: CTM®

The Market-Leading Trade Matching Platform

The industry’s shift to T+1 settlement demands optimization of the post-trade lifecycle. Inefficiencies and bottlenecks in post-trade operations need to be eliminated to accelerate trade date confirmation.  
 
Our multi-asset trade matching platform, CTM, provides advanced automation and unrivalled connectivity to a vast network of global depositories and exchanges. CTM streamlines post-trade workflows for an extensive client community spanning 85 markets globally, helping them meet the evolving requirements of the global capital markets. 

  • Same-day match agreed rate in CTM®

  • Million

    Transactions processed in CTM® daily

    June 2026 daily average

Data as of June 2026

Key Features & Benefits

    Monitoring of Trade Matching Status

    Access a real-time view of positions across Equities, Fixed Income, Equity Options and Money Markets.

    Flexible Connectivity Including FIX

    CTM supports connectivity via FIX as well as XML and CSV formats.

    Resilient Infrastructure

    CTM is backed by DTCC’s commitment to security and resiliency, ensuring stability during periods of market volatility.

    Automated SSI Enrichment Capabilities

    An optional integration with our Standing Settlement Instruction (SSI) database enables accurate SSIs to be automatically enriched on trades.

    Connecting Global Markets

    Direct links to a large and ever-growing number of Central Securities Depositories (CSDs) and Central Counterparties (CCPs) globally.

    Holistic Support and Expertise

    DTCC’s onboarding and integration specialists ensure smooth implementation and our technical support team will optimize your product experience.

    Unlock Post-Trade Efficiency

    • Match to Instruct Workflow

      CTM’s Match to Instruct workflow uses CTM, ALERT and TradeSuite ID together to automatically trigger trade affirmation. This workflow enables brokers to leverage automation to send affirmed confirmations to all interested parties to the trade. 

    • U.S. Equity Listed Options Workflow

      CTM’s workflow for U.S. Equity Listed Options provides a standardized, automated workflow from trade execution to settlement, with enhanced options-specific fields to eliminate custom reconciliation processes. 

    • Operational Performance Dashboards

      Unlock post-trade efficiency with insights on your operational performance for trades in CTM, including same-day match agreed rates. 

    Unlock the Benefits of Straight-Through-Processing

    ALERT® – the industry’s largest Standing Settlement Instructions (SSIs) database – automates the management and sharing of SSIs, reducing settlement risk and eliminating inefficiencies.

    When ALERT is used in conjunction with CTM, you can leverage our automated SSI enrichment capabilities to unlock the benefits of straight-through-processing.

    The Future of Trade Settlement

    From paper-based securities settlement that took seven days to process, to a fast, automated and resilient post-trade lifecycle, over the past five decades trade settlement has been completely transformed. 

    As global capital markets move to T+1 settlement, operational efficiency in post-trade is essential. 

    Learn More About T+1

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