X-TRM interacts with numerous trading platforms and enables interoperability between central counterparties and settlement systems. It's a pre-settlement platform with sophisticated features for the acquisition, acknowledgment, confirmation and forwarding of transactions from trading platforms or OTC trading to central counterparties and settlement systems.
Thanks to its data enrichment functions, X-TRM allows complete automation of the entire post-trade process from negotiation to contract execution. With its interposing, position netting, shaping and partial settlement capabilities, X-TRM offers to central counterparties a set of complex tools for effective risk management.
X-TRM manages a wide range of post trading activities including: settlement management, enrichment through the automatic valorization of settlement fields, interposition of the central counterparty, calculation of net balances, routing of settlement instructions management of corporate actions on failing transactions and operational reporting.