Staying Ahead of the Pack in Post-Trade Communications

By: Frank Battaglini

SSCNet is a global trade communication network that enables investment managers, custodians, brokers and other interested parties to communicate post-trade transaction data electronically using industry standard protocols and formats such FIX or ISO 15022, as well as client proprietary formats.

With the passing of the Dodd-Frank Act, the attention of CIOs and COOs has been focused on the adoption and automation of messaging standards for processing OTC derivatives and other more traditional investments.

SSCNet's latest innovation in post-trade communication involves electronic communication of OTC derivatives using FpML (financial products markup language). Institutions can generate and deliver properly formatted FpML messages using SS&C Debt and Derivatives software or through the use of SS&C's own translation tools.

For more than 12 years, SSCNet has offered financial institutions fully managed SWIFT and ISITC formatting and infrastructure capabilities. We can help you translate trade information into acceptable ISO or FpML formats and deliver an array of message types to your custodian parties. Whether you choose to join SWIFT directly and leverage SS&C's SWIFT Service Bureau option, or use SS&C's SWIFT ETCP option, we provide interface options that meet your operational objectives.

If you'd like to learn more about how SS&C can help you with your post-trade communication needs, please contact Frank Battaglini at fbattaglini@sscinc.com, call 905-212-3182 or contact your local SS&C representative.