Central Trade Matching Platform | DTCC Trade Consulting
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CTM®

Optimize Your Post-Trade Operations

DTCC’s central trade matching platform, CTM®, is the foundation of DTCC’s post-trade solutions. Leveraging advanced automation, CTM streamlines trade allocation, confirmation, matching and settlement, eliminating inefficiencies and accelerating trade date confirmation.

CTM supports multiple asset classes, including Equities, Fixed Income, Equity Options and Money Markets. With customizable integration options, flexible functionality tailored to your specific needs and comprehensive client support, CTM sets a new standard for operational excellence.


The industry's global central trade matching platform

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*Source: DTCC, Q4 2024

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CTM Benefits

  • ALERT Benefits Global community
  • ALERT Benefits Unrivaled performance
  • ALERT Benefits Automated trade enrichment via ALERT®
  • ALERT Benefits Connections to global market infrastructure
  • ALERT Benefits Flexible access methods
  • ALERT Benefits Holistic support
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Redefine value with end-to-end automation

Post-trade processing inefficiencies arise from manual processes and regional fragmentation. The industry’s shift to accelerate settlement to T+1 demands faster trade allocation, confirmation, matching and settlement. Experts agree that central matching is the most efficient way to streamline these steps. When CTM is used with ALERT®, DTCC’s Standing Settlement Instructions (SSIs) repository, the straight-through-processing required for T+1 is achieved.

How CTM works

With CTM, matching happens on both blocks and allocations/contracts. A block level workflow allows investment managers and broker/dealers to tie trades back upstream providing better parity between front and back office systems. Investment managers can submit a block and then submit allocations against the block. Broker/dealers submit a block and corresponding contracts. For matched trades, the CTM platform will send status updates to both counterparties. If no match is found for a trade, an exception occurs. Each counterparty is then automatically updated on a change in the trade status and given the possibility to amend the trade. This allows to catch trade exceptions prior to settlement, saving valuable time and helping to reduce costs.

Connect to global market infrastructure

CTM connects directly to DTC, NSCC, Cboe, HKEX and KSD, and a large and ever-growing number of CSDs and CCPs globally. Bi-directional links with CSDs accelerate trade settlement, meaning faster and more efficient trade settlements, reduced operational risks, and improved liquidity management.

Invest in a future-proof post-trade platform

Investing in CTM means investing in a robust, scalable and secure platform that is designed to meet the evolving needs of the global capital markets. DTCC’s focus on security, recoverability, and stability ensures we leverage the scalability, resiliency, and efficiency benefits of a public cloud end state.

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