does bloomberg terminal require dtc settlement subscription

Support of the FIX global post-trade processing guidelines.Industry standard communication protocols (e.g., TCP/IP, SNA), message and file transfer protocols (e.g., FIX, MQSeries, SWIFT), software message format standards (e.g., FIX, ISITC), and message languages and metadata (e.g., XML).An open architecture platform that supports both central and local matching to meet the demands of the industry.Bloomberg’s CMS offering will include the following:

We believe that additional straight-through-processing services and more efficient offerings are needed to advance and strengthen the market, especially with the move to T+2 settlement in the US.”īloomberg’s CMS advances automated post-trade processes and facilitates the implementation of shortened settlement cycles. “Bloomberg’s CMS has been developed in response to industry concerns with the ‘single point of failure’ model that exists today, as well as calls from market participants for alternatives, competition, enhanced efficiencies and a more robust clearance and settlement system. “The financial industry is under pressure due to both financial and operational challenges to create more efficient trade processing solutions with better operational controls,” said Ben Macdonald, Global Head of Product at Bloomberg. Securities and Exchange Commission (SEC) to offer a confirmation matching service (CMS), for DTC-eligible equity and fixed-income securities. Bloomberg today announced its subsidiary, Bloomberg STP LLC (Bloomberg STP), has received approval from the U.S.

Does bloomberg terminal require dtc settlement subscription