Thunderhead, T-Zero Team for CDS Automation
At 01 Nov 2005 14:33:29 in MDI-Credit Markets IT, Market Data Insight
Meanwhile, Thunderhead is integrating its document generation platform for OTC derivative trade confirmations with T-Zero’s post-trade processing system, to offer greater automation for the credit derivatives (CDS) market. As a result, Thunderhead can now automatically produce a variety of trade confirmation formats including print, fax, email web and FpML upon receiving an FpML message from T-Zero. This allows dealers to improve the quality and accuracy of their credit trade data before generating physical trade confirmations through the Thunderhead platform. In addition, Thunderhead’s recent announcement of its XML Adapter for the Depository Trust & Clearing Corp.’s Deriv/SERV, which generates DTCC compliant FpML, will enable automated settlement of credit trades as part of this process.







