Accelerate interfirm workflows by accurately and efficiently connecting to external counterparties with Symphony’s Enhanced Directory.
Standardized taxonomies, firm-provided data and entitlement-based controls help connect market participants safely and securely while reducing time spent searching for the correct teams or individuals.
Foster networks by connecting to relevant external firms, groups, desks or individuals while regulating access via entitlement-based controls.
Collaborate externally in seconds – leverage standardized, enriched taxonomies to search, filter and initiate communication with counterparties.
Confidently find the intended recipient – firm-provided data helps ensure the appropriate counterparty is reached via the right channel.
Streamline back office workflows and prepare for the T+1 settlement cycle. Join major market participants in a first of its kind operations-focused directory.
Search and filter the dealer universe, minimize missed opportunities and filter out the noise to help drive connectivity between counterparties.
Update and maintain groups, distribution lists and escalation contacts, ensuring seamless connectivity to the right person at the right time.
Enrich directory data with standardized taxonomies including asset class, function and geography, to search and filter based on common attributes.
Implement visibility controls to ensure counterparties have access to or are restricted from specific data, helping filter the noise.
Identify counterparties’ preferred method of communication and easily connect to promote faster workflows.
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Almost a decade ago, Europe led the way in shortening the settlement cycle to T+2 – a task that required wholesale re-engineering of European market-structure. Mere months from now, European securities firms will again be challenged – this time with the move to US NEXT-DAY settlement. Once more, our market participants face a complete restructuring of entire organisational workflows.
The SEC has adopted a final rule to shorten the standard settlement cycle for most securities transactions from two business days (T+2) to one business day following the trade date (T+1). The reduced settlement period is forcing companies to reexamine their post-trade processes and procedures, which include communication methods. This article discusses several operating model changes to help with the transition to T+1 ahead of the compliance deadline of May 28, 2024.
Our latest demo prepares Operations teams for the shortened T+1 settlement cycle. Watch this Q&A with UBS, Citi, JP Morgan, and Wells Fargo as they discuss how Symphony’s Operations Directory streamlines post-trade issue resolution with use cases including escalations, trade exceptions and settlement issues.