Thunderhead Announces Support for DTCC Deriv/SERV Trade Information Warehouse

LONDON, December 18 // -- Thunderhead, the leading provider of enterprise communications software
for Investment Banking, today announced the availability of a new version of its XML Adapter for Deriv/SERV which includes support for The Depository Trust & Clearing Corporation's (DTCC) Deriv/SERV Trade Information Warehouse.

This new version is being made available to Thunderhead customers through a revolutionary service offering designed to ensure continuing compliance with all current and future DTCC Deriv/SERV messaging standards.

DTCC Deriv/SERV is the industry's defacto automated trade matching and confirmation service for the global, over-the-counter (OTC) derivatives market. DTCC's recently launched warehouse is a comprehensive trade database that automates and standardises post-trade processing. Thunderhead's XML Adapter for Deriv/SERV was specifically developed to allow Thunderhead customers to more rapidly comply with DTCC standards for automated trade matching and confirmation for OTC derivatives trades, including credit, equity, and interest rate derivatives. With its most recent release, Thunderhead is the first off-the-shelf solution in the industry to announce full support for DTCC's current messaging standard for the Deriv/SERV Trade Information Warehouse.

Thunderhead's XML Adapter for Deriv/SERV service offering ensures that future versions will be synchronised with DTCC release scheduling. As a result, Thunderhead service subscribers will be able to rapidly implement new DTCC Deriv/SERV messaging standards to support established DTCC timeframes for new standard testing and implementation.

"As the industry leader in streamlining paper-based processes for OTC derivatives, it was a natural evolution for Thunderhead to align closely with DTCC and its efforts to standardise and automate the derivative trade confirmation process," said Glen Manchester, CEO of Thunderhead. "We have consistently been first-to-market with support for the Deriv/SERV messaging standards as they have changed and evolved. And, we are now very pleased to offer a new service that will formalise our commitment to continually support compliant communications with Deriv/SERV."

"Our goal for the Trade Information Warehouse is to create a centralised, global platform that will help our customers worldwide reduce the risk and cost associated with the post-trade processing of OTC derivatives," stated Peter Axilrod, Managing Director, DTCC Business Development. "We value the work that Thunderhead has been doing to keep current on DTCC Deriv/SERV and Warehouse message standards across OTC derivatives products."

About Thunderhead

Thunderhead is the leading provider of enterprise solutions for the creation and management of multi-channel business communications.

The Thunderhead platform allows business users to manage the production of both personalised and transaction-driven communications which may be delivered by any number of media channels, including print, fax, web, email, SMS and industry-specific XML schemas.

Thunderhead's unique combination of business-user-centric design; an open, standards-based core; and broad enterprise capabilities has enabled it to quickly become the market leader. Thunderhead numbers many of the world's leading financial services organisations as its customers, and services its rapidly expanding customer base from offices in North America, Europe and Asia Pacific.

For further information, please visit

Source: Thunderhead Ltd


All Topics