GEM and Systemwire to launch OTC derivatives trade matching system

The platform, set to go on sale next month, is a hybrid of existing products from the two companies, Xlinkit and Gemdelta.

In a joint statement released today, the companies said trade matching and data validation during settlement are two of the biggest issues currently facing the derivatives industry. According to the release, settlement delays caused by data quality or manual matching processes are costing derivatives users millions of dollars every year.

“It is now possible to assess very quickly and precisely why mismatches occur, cutting short operations time and taking a big step towards T+0 settlement,” says Brian Lynn, founder and chief technology officer of GEM.

Financial products markup language (FPML) is an industry-standard protocol developed by the International Swaps and Derivatives Association.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here