X-TRM is Monte Titoli’s sophisticated pre-settlement system for capturing trades executed both on-exchange and OTC and routing them on to CCPs and settlement venues.
It provides all the necessary data enrichment and reporting to allow trades to be processed automatically from execution through to settlement, using a single system.
Functionality including interposition, position-netting, shaping and partial settlement gives central counterparties a comprehensive set of tools for efficiently managing risk.
It manages a wide range of post trade activities including management of settlement instructions, enrichment and validation of settlement information, the interposition of central counterparties, the calculation of net settlements and the routing of settlement instructions, management of corporate actions on failing trades and full reporting.
X-TRM serves numerous trading platforms and supports interoperability between CCPs and settlement systems.