Bloomberg STP LLC’s confirmation matching service has been developed in response to the industry’s demand for a real-time platform that streamlines post-trade workflows for DTC-eligible fixed income and equities trades.
The solution is built on an open architecture platform to support both matching of post-trade information by Bloomberg STP LLC (central matching) as well as matching of post-trade information by an asset manager, its custodian, or a third party (local matching).
The confirmation matching service supports the FIX global post-trade processing guidelines. The guidelines provide a standardized approach to workflow, which reduces complexity and in turn, the costs and the time required for issue resolution. Bloomberg STP LLC has adopted the FIX working group specifications and guidelines and best practices.
Bloomberg STP LLC’s confirmation matching service supports the following industry standards:
- Communication protocols: TCP/IP
- Message and file transfer protocols and software: FIX, WebSphere MQ, SWIFT
- Message format standards: FIX
- Message languages and metadata: XML