December 2020 - corfinancial, a leading provider of specialist software and services to the financial services sector, announces today that its Salerio post-trade system is now fully tested and ready to assist firms in the migration away from DTCC’s legacy OASYS™ platform.
The Depository Trust & Clearing Corporation (DTCC) is a post-trade financial services company providing clearing and settlement services to the financial markets. The firm has confirmed plans to decommission its OASYS™ solution by October 2021, resulting in the compulsory migration of users to its CTM™ processing model in order to continue the automated processing of US domestic trades.
DTCC recently announced that a small number of financial services technology providers have agreed to certify their interfaces in support of enhanced US trade flow capabilities in DTCC’s CTM™ service. Salerio is now a certified solution to facilitate the transition away from OASYS, having successfully completed its conformance testing with DTCC.
David Veal, Senior Executive, Client Solutions, corfinancial: “Working as an early adopter partner with DTCC throughout the second half of this year ensured that we were well prepared for the modifications that they were applying to their CTM utility. Salerio has been updated with the OASYS parity functionality. Our solution is quick to implement, due to our standard model approach, fully functional CTM connectivity and workflow,” added Veal. “Salerio clients that require this functionality ahead of the October 2021 deadline are good to go.”