I was recently catching up with one of my industry friends and our conversation turned to how much the marketplace has evolved over the past two decades. We were both struck by the levels of efficiency that 帖子-trade solutions, 特别是配对服务, have brought to the global markets and how this has facilitated greater cross-border and domestic trading. 在回忆往事时，我们突然想到 中医™将于明年庆祝其成立20周年.
The success of 中医 is personal because I helped bring it to market in 2001. 当时, we had confidence in the service and recognized it filled a gap, but I could never have predicted it would become the world’s leading 帖子-trade workflow engine. One reason for this success is our extensive community of users, 跨越买方, 卖方银行和托管银行. This community adds value by contributing their data and integrating the 中医 workflows into their ecosystems. I am proud to say that the service has the largest number of counterparties across the globe – 2,在52个市场的000个交易对手. 这样的尺寸, 深度和广度, the 中医 community is self-propagating: additional users sign on in order to instantly access their counterparties in both established and growth markets.
结果说明一切
One of the most impressive achievements of 中医 is its trade-date match rates, 哪些达到了96%以上. It’s not surprising that a client recently told me that 中医 helps him “sleep better at night” because he knows his trades are going to be settled in the morning. Our clients have been clear: they want to reap the benefits of an optimal single central matching engine. 考虑到这一点，我们集成了OASYS U.S.-only trade flow into 中医 and are committed to retiring OASYS in 2021.
自从我们推出中医以来, we’ve prioritized listening and responding to clients and have taken steps to continually evolve its value, including integrating it further with 存’s suite of institutional trade processing services. A game-changer for the industry was when we integrated 中医 with 警报®, bringing the ability to automatically enrich the trade with the most up-to-date standing settlement instructions (SSIs) and account information. 结果是 of this golden-sourced enrichment and matching, 创建一个权威的交易记录, enabling all settlement parties to be notified with the same instruction to ensure settlement finality. 再一次, the community deserves credit because they helped us build 警报 into a central SSI database with more than 9 million settlement instructions across asset classes and geographic markets. The community benefits because 中医 is the only matching service integrated with 警报. 换句话说, using a different matching service without 警报 enrichment ultimately means you’re adding risk of a fail.
我们最新的创新, 警报 Key Auto Select (AKAS) takes it a step further by adding a free, 将基于规则的智能浓缩功能引入中医. And because 中医 supports extensive connectivity options, 包括API, 修复和基于文件的连接, users can interface with counterparties across the global community and all segments and markets irrespective of their size or level of technical sophistication.
中医’s value was brought into focus during the recent pandemic-driven market volatility. As markets endured severe movements in March and April, 中医 volumes nearly doubled compared to 2019 daily averages and hit record levels for U.S. and cross-border equity and fixed income trades. 尽管如此, 中医的高匹配率保持不变, proving the benefits of using automated tools during volatile periods like this.
As the financial services landscape continues to change, we’re listening closely to client sentiment. We’ve heard from clients that they want one platform to manage the entire trade lifecycle, from trade agreement through to settlement finality. 记住这一点, we’re now laser focused on re-imagining 帖子-trade processing to bring clients an optimal no-touch processing workflow that eliminates all redundancies and manual processing across asset classes.
行业所有权和受治理
While these factors have helped fuel 中医’s growth over the past two decades, one characteristic differentiates it from other solutions providers: 存’s industry-ownership and governance model. This influences all aspects of how we operate -- from product development and delivery to client support, 风险管理和应变能力. 结果是, solutions like 中医 are designed and enhanced to meet firms’ evolving needs, provide comprehensive client support and maintain the highest levels of safety and soundness for the industry.
As I said, I’m very proud of what 中医 has accomplished. It has helped transform the marketplace in ways we could never have imagined when we launched it in 2001. We look forward to celebrating its anniversary next year and continuing to bring that same innovation and focus to developing new solutions for our clients to help them achieve their goals.