NEW YORK, March 13, 2024 /PRNewswire/ -- S&P Global Market Intelligence, a division of S&P Global (NYSE: SPGI) today announced plans to collaborate with DTCC, the premier post-trade market infrastructure for the global financial services industry, to deliver a joint solution to support clients impacted by upcoming U. T+1 settlement requirements. The organizations plan to link S&P Global Market Intelligence's Onboarding Accelerator platform with DTCC's ALERT to increase transparency, efficiency and straight-through processing in the institutional trading industry
The organizations plan to link S&P Global Market Intelligence's Onboarding Accelerator platform with DTCC's ALERT to increase transparency, efficiency and straight-through processing in the institutional trading industry
By linking the services, Onboarding Accelerator users will be able to query the status of critical standing settlement instructions (SSI) reference data for a particular account and market directly within the S&P Global Market Intelligence platform. The SSI status query can be done at the point of account opening or at any time during the trade lifecycle, resulting in less trade breaks and settlement fails and increased efficiency in support of a T+1 settlement cycle. The SSI status information for trade permissions will be available via an ALERT API
The SSI status information for trade permissions will be available via an ALERT API
"Linking Onboarding Accelerator with the industry standard ALERT service will bring increased transparency to buy side clients, custodians and brokers. It will streamline a manual, antiquated process, maximizing efficiency and minimizing trade settlement failures," said Brittany Garland, Head of Regulatory & Compliance for Enterprise Solutions, S&P Global Market Intelligence. "S&P Global Market Intelligence and DTCC are committed to increasing efficiency and transparency and supporting our clients as they navigate the challenges posed by upcoming tightened settlement requirements in the U
"S&P Global Market Intelligence and DTCC are committed to increasing efficiency and transparency and supporting our clients as they navigate the challenges posed by upcoming tightened settlement requirements in the U
"Connecting client reference data with SSI instruction statuses helps market participants to address discrepancies that could impede or delay settlement," said Bob Stewart, DTCC Executive Director, Institutional Trade Processing. "We are pleased to collaborate with S&P Global Market Intelligence in bringing this innovative joint solution to market participants around the world and further supporting our mutual clients as they look to improve post-trade processes as they work towards a T+1 settlement cycle in the U
 "We are pleased to collaborate with S&P Global Market Intelligence in bringing this innovative joint solution to market participants around the world and further supporting our mutual clients as they look to improve post-trade processes as they work towards a T+1 settlement cycle in the U
Onboarding Accelerator is S&P Global Market Intelligence's automated onboarding solution utilized by brokers, custodians, corporates, fund admins, managers and service providers. The solution integrates entity data, document collection, KYC and tax profile validation, regulatory protocols and self-declarations, legal and credit agreements and operational set up, enabling a user to minimize operational risk, standardize and automate processes and provide transparency to counterparties.

Source prnewswire