Directory · Middle and back office
Trade settlement
47 products carry this category. Categories are tags, so several of these also appear elsewhere.
What is meant by Trade settlement?
Management of a trade from execution to settlement: confirming terms with the counterparty, sending instructions to the custodian, tracking status, and chasing anything that fails to settle on time.
Who uses Trade settlement?
Operations.
What gets confused with Trade settlement?
Reconciliation, which compares records after the fact. Settlement is about making the exchange of cash and securities happen at all.
What should you ask a vendor about Trade settlement?
Shortened settlement cycles have made same-day affirmation the constraint. Ask about the cut-off times, not the feature list.
This definition is Buyside Fintech’s own editorial work, not a vendor’s. The products listed below carry the sources we read.
Trade settlement products
47 PRODUCTS
SynergyAccessFintechPost-trade data collaboration network that connects counterparties and workflows across asset classes for settlement exception management.Anchorage Digital Prime ServicesAnchorage DigitalFederally chartered digital asset bank combining qualified custody, trading execution, settlement and staking for asset managers, hedge funds and family offices.Limina IMSArcesiumCloud-native portfolio and order management that runs compliance checks at order creation with breach approval workflows; Limina became part of Arcesium in February 2026.Baton COREBaton SystemsPayment and settlement orchestration across FX, liquidity, payments and collateral, with real-time visibility and programmable settlement controls.Core-CollateralBaton SystemsOptimizes collateral allocations and speeds movements across clearing counterparties and custodians; the client base named on the site is predominantly large banks rather than buy-side firms.BitGo Custody and Prime ServicesBitGoRegulated digital asset custody paired with a prime offering that ties trading, financing, collateral management and settlement together for institutional holders.Broadridge Corporate Actions and IncomeBroadridge Financial SolutionsCloud-hosted asset servicing platform that builds a single golden record per event and runs announcement capture, entitlements, elections, tax reclaim and payment reconciliation; aimed mainly at custodians and asset servicers rather than managers directly.Broadridge Trade Order ManagementBroadridge Financial SolutionsMulti-asset order management that the vendor positions as spanning both public and private strategies.Global Custody SolutionsBroadridge Financial SolutionsCustody processing platform with a Global Custody Operations Console that automates settlement and asset servicing for global custodians and the institutional investors they serve.NYFIX MatchingBroadridge Financial SolutionsReal-time multi-asset trade matching from a single access point, with block and allocation level matching and automated exception management.Reconciliation & MatchingBroadridge Financial SolutionsReconciliation and matching sold inside Broadridge's middle and back office suite; a competitor's comparison page calls the product BRx Match, which I could not confirm on Broadridge's own site.CalastoneCalastoneNetwork that automates fund order routing, settlement and related messaging between fund distributors and fund managers.CLSSettlementCLS GroupPayment-versus-payment settlement for foreign exchange trades, which funds reach as third parties through a settlement member, removing the risk of paying one currency and not receiving the other.Copper Qualified Custody and ClearLoopCopperInstitutional digital asset custody with collateral management, financing and the ClearLoop network for settling against exchanges without moving assets out of custody.SalerioCOR Financial Solutions (corfinancial)Multi-asset middle office platform combining trade matching and confirmation, settlement instruction processing and failed trade management for asset managers, hedge funds and administrators.Operations ConciergeCoremontA managed service that runs the trade lifecycle on Coremont's investment book of record, covering trade capture, affirmation, reconciliation and downstream processing for managers who do not staff those functions themselves.Middle Office ServicesCSC (Corporation Service Company)Outsourced trade settlement, confirms and OTC verification, collateral management, P&L and cash reconciliation for fund clients.ALERTDTCCGlobal database where investment managers, brokers and custodians maintain and share account and standing settlement instruction data.CTM (Central Trade Manager)DTCCCentral matching platform for cross-border and domestic trades across equities, fixed income and repos, with exception management and a Match to Instruct workflow.TradeSuite IDDTCCUS domestic post-trade service that distributes trade details electronically and supports confirmation and affirmation workflows.DucoDuco TechnologyNo-code, cloud-native platform where operations staff build their own reconciliations, plus data extraction and exception management.EquiLend Post-Trade SuiteEquiLendSecurities finance post-trade services including the Risk Resolution Suite, Settlement Monitor and an Enhanced SSI Repository that accepts SSI input directly from custodians or buy-side clients.FinchTradeFinchTradeInstitutional crypto-to-fiat OTC desk that trades and settles stablecoins and crypto within T+1 for payment service providers, e-money institutions and exchanges.Fireblocks PlatformFireblocksDigital asset custody and transfer infrastructure covering qualified custody, cold wallets, a policy engine and off-exchange settlement, used by banks and trading firms.FIS Post Trade Processing PlatformFISCloud post-trade platform covering settlement, middle office, accounting, corporate actions and collateral across securities, derivatives and tokenized assets; this is the former Torstone Technology platform, whose site now redirects to FIS.Control CloudGresham TechnologiesCloud platform that matches financial data across systems and runs exception and investigation workflows for back-office operations.HQLAxHQLAxDistributed-ledger platform that transfers ownership of collateral across custody pools without moving the securities; shareholders include Goldman Sachs, HSBC, BNY, BNP Paribas and UBS.Middle and Back Office ServicesLinedata24x7 outsourced trade processing, reconciliation, fund accounting and NAV, corporate actions and financial statements for traditional and alternative managers.Marketnode DMI platformMarketnodeBlockchain-based digital market infrastructure for fund and bond transaction management, covering order management, transfer agency automation and corporate actions; Series A completed 2024 with Euroclear among investors.Meritsoft Asset Servicing Claims ManagementMeritsoftPost-trade automation for the money side of corporate actions, including asset servicing claims, interest claims, transaction tax and CSDR penalties.Meritsoft Trade Tracking and Exception ManagementMeritsoftRules-based automation for settlement fails and exceptions, CSDR penalties, interest and asset servicing claims, and trade-related fees and taxes.OSTTRA Trade Processing (MarkitServ)OSTTRAAutomates trade processing, messaging and matching to confirm, allocate, clear and report trades; built from the MarkitServ, Traiana, TriOptima and Reset businesses.PactFiPactFiOperational platform for executing and servicing private credit transactions, covering deal closing, secondaries workflows, data infrastructure and post-close servicing.Ripple PrimeRippleThe prime brokerage formerly named Hidden Road, now owned by Ripple, offering cross-margined clearing and financing across digital assets, FX, metals, derivatives and repo with tri-party custody support.SaphyreSaphyreHolds account opening, legal agreement and standing settlement instruction data in one place shared by the buy side, its brokers and its asset servicers, so trading accounts are ready to trade and settlement instructions stay current.Sernova Clearing, Collateral and Risk InfrastructureSernova FinancialShared-utility post-trade infrastructure for cleared and OTC derivatives covering clearing, collateral and risk, sold to banks, brokers, hedge funds and proprietary traders.SmartSettle AISmartSettle AIJoins the parties to a securities trade on one real-time view of post-trade state, predicts which trades are at risk of failing to settle and coordinates the fix before the settlement date.Smart ReconciliationsSmartStream TechnologiesHigh-volume reconciliation and exception management for cash, securities and settlements, with an AI layer the vendor calls Air.SS&C Trade Matching and Settlement ServiceSS&C TechnologiesSingle connection point into post-trade utilities for investment managers, covering matching, settlement workflow and failure reduction; the vendor cites 150+ clients.SSI AutomateSSImpleTurns manual, non-ALERT standing settlement instructions into an automated extract, validate and enrich process; sister products SSI Validate and SSI Comply feed validated SSIs into DTCC ALERT.Investment Operations Outsourcing (BluePrint)STP Investment ServicesEnd-to-end middle and back office operations and trading services on its proprietary BluePrint platform.Talos platformTalosInstitutional digital-asset trading platform offering FIX, REST and WebSocket connectivity to many crypto liquidity providers through one interface; raised a 40 million dollar Series A from a16z, PayPal and Fidelity.TaskizeTaskizeWeb-native collaboration network where operations teams at counterparty firms resolve post-trade and settlement queries; the vendor cites 600 firms and 80% same-day resolution.MegaraVermegModular post-trade suite for custodians, depositories and clearing houses whose modules include corporate actions, settlement, collateral and fund administration.WydenWydenEnd-to-end OEMS for institutional digital assets with smart order routing across 65+ exchanges, brokers and OTC desks, plus treasury and reconciliation.Xceptor ConfirmationsXceptorAutomates confirmation generation, counterparty chasing, AI extraction from unstructured confirmation documents and matching of booked trades against the broker version.Zodia CustodyZodia CustodyInstitution-only digital asset custodian whose Interchange service lets clients trade from cold storage with off-venue settlement; serves asset managers, hedge funds and banks.