truePTS has processed its first buy-side trades with J.P. Morgan and Citadel, as demand grows across the industry for a fully-integrated allocation and validation platform. Buy-side firms can utilize truePTS as a one-stop solution for post-trade affirmation and matching as well as to facilitate confirmation and reporting workflows. Integrated into the leading trade repositories, central counterparties, and buy-side platforms, truePTS' ecosystem facilitates industry collaboration through multi-lateral automation.
"New regulatory requirements have shifted responsibilities and fees once paid by the banks to the buy-side," said Zohar Hod, CEO of truePTS. "We will be the catalyst that provides transparency, mitigation of needed resources, and lower costs for our clients by leveraging the most progressive technology to automate workflows and comply with regulatory change."