Automated Settlements

Available from Talisys

Trade order routing & management solutions from Talisys include its Automated Settlements solution. Automated Settlements electronically processes the settling of buy and sell transactions through the Depository Trust & Clearing Corporation (DTCC).

Automated Settlements supports processing Night Delivery Orders (NDO’s), Day Delivery Orders (DO’s), and payment orders (PPO and SPO) for transactions settling through the DTCC. Using ISO 20022 messages in real-time, Talisys processes these transactions and matches the incoming messages (transactions) to an item in the system. If matched, the system will automatically make the appropriate stock and money movements. For deliveries, the system sends the orders to the DTCC and upon receipt of an acknowledging message, the system will make the appropriate stock and money movements.

Talisys designed Automated Settlements as an exception-based system built on the latest .net technology. It eliminates the need for manual processing of thousands of daily transactions and allows users to easily sort and filter data in an easy-to-use interface. Goodbye “green screens” and dated messaging formats that will have to be rewritten.

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