Faster, transparent, and secure communication with Symphony
users on the platform
Symphony optimizes post-trade operations by integrating Embedded Mode with proprietary platforms, and connecting counterparties via a safe and secure Enhanced Directory, expediting exception management.
Symphony Messaging provides a communication workflow to quickly identify, manage, and resolve exceptions. Minimizing delays and improving overall processing time.
Real-time data synchronization and trade reconciliation tools enable accuracy and consistency across all systems. Removing manual entry and fragmented systems.
All parties (internal and external) have access to the same information and communication history, improving transparency and accountability.
George Rosenberger
Head of NYFIX, Broadridge Trading and Connectivity Solutions
Bringing Symphony’s platforms together, creates a powerful ecosystem that enables cross-functional connectivity, easier data management, and empowers full firm communication compliance.
Build a seamless workflow with internal and external messaging, powerful automations, and constant connectivity across financial markets.
Leverage Symphony’s Messaging platform within your own or third party applications and portals – helping embrace interoperability and drive workflow efficiency.
Save time and effort finding the right individuals or teams by securely connecting market participants through entitlement-based controls, firm-provided data, and standardized taxonomies.
Symphony enables seamless communication with Microsoft Teams users, both within and between organizations. Eliminating friction and keeping conversations in one place.
Symphony’s patented Instant Voice technology instantly connects execution desks with operations, risk, and research teams, to accelerate communication, break down silos, and improve efficiency.
Create and curate discoverable content with a comprehensive tagging solution that applies accurate and consistent entity and thematic tags on a granular level.
A risk monitoring tool to help mitigate data breaches and fraud. A real-time lens across sources too numerous to read. Cut through the noise using Key Drivers. Know and act before it’s too late with Symphony Analytics.
Aggregate and visualize messaging data with easily digestible Dashboards to extract insight and identify patterns for optimizing workflows.
Transcribe voice trading interactions and extract detailed analysis with models trained leveraging Google Cloud’s AI improving efficiency, informing strategic decisions and simplifying risk management.
Instantly access critical tools to-and-from Symphony Messaging, fostering a seamless flow, limiting errors and empowering teams. Connections include Salesforce, Zoom, Microsoft Teams and TradingView.
Leverage in house bots or create your own custom workflow to further improve and automate workflows, saving time and reducing the risk of errors. Existing Operations bots include Six and DTCC.
See how Symphony’s integrations (Embedded Mode and Enhanced Directory) work within DTCC’s CTM®. Giving DTCC’s clients the ability to communicate with counterparties directly–reducing platform switching and manual data entry, streamlining trade matching and confirmation, globally.
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Symphony’s strict data security and privacy policies ensure that firms retain control of their data. Our messaging capabilities offer end-to-end encryption, content filters, and security controls, while our redundant architecture and borderless community mitigate the risk of off-channel communication.
Symphony Voice and Analytics features comply with SOC II and ISO 27001 protocols, giving firms control over their proprietary voice data at all times.
We're happy to answer questions and get you acquainted with Symphony and our Messaging, Voice, Directory and Analytics platforms.
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.
In December of 2021, SIFMA, ICI and DTCC called for the shortening of the settlement cycle in the U.S. financial markets from T+2 (transaction date plus two days) to T+1 (transaction date plus one day) within the first half of 2024. Their report indicates that accelerating the settlement process will “reduce risks and costs for the industry while building upon the benefits achieved in the successful move to T+2 in 2017.” This is in line with the Securities and Exchange Commission’s announcement on Feb 9, 2022 of a proposed rule to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (“T+2″) to one business day after the trade date (“T+1″), while soliciting comments regarding challenges and possible approaches to achieving settlement by the end of trade date (“T+0″).
