Electronic & Algorithmic Trading
Design and improve electronic execution across order and execution management, routing, market access and connectivity.
Markets & Trading
Post-Trade, Clearing & Settlement
Improve settlement performance and modernise the post-trade operating model.
Overview
What this means for your business.
Post-trade performance depends on the connections between capture, allocation, confirmation, clearing, funding and settlement. A useful assessment follows those dependencies across teams and providers.
Capmark helps banks, brokers and asset managers improve matching and affirmation, settlement instructions, clearing connectivity, reconciliation and exception management across asset classes.
We support readiness for shorter settlement cycles, connecting operating-model choices with data, technology, funding arrangements and implementation.
What we do
The expertise we bring.
We automate matching, improve allocation and confirmation workflows, and fix the instruction data that causes breaks. Same-day affirmation is built into the operations dashboard as a daily control measure.
We trace settlement fails to root cause, including SSI quality, reference data, booking practice, custody flow and funding cut-offs. We quantify penalty and funding cost, then fix the causes rather than adding manual effort.
We design and deliver the connectivity, account structures and workflows that move flow through CCPs, custodians and settlement depositories. Margin, clearing and settlement impacts are built into the design from the start.
We assess current readiness against trade-date allocation, confirmation, affirmation, FX, funding and settlement cut-offs. We then sequence remediation, automation, industry testing and control evidence ahead of the 11 October 2027 transition.
We automate cash, position and depot reconciliations against custodian, CCP and depository records. Break ageing, escalation and ownership are designed so operations teams can keep position integrity under control day to day.
What to expect
A team shaped around the work.
A Senior Practitioner leads from day one. The first weeks quantify break rates, affirmation timeliness, fail volumes, root causes and penalty exposure, then agree the target state with operations, technology and the desk.
Delivery runs in phases: SSI and data remediation, matching and affirmation automation, clearing and reconciliation integration, then testing, cutover and hypercare.
Engagements range from a focused fails-and-breaks assessment to full T+1 readiness and post-trade remediation ownership.
Engagements can range from a targeted post-trade assessment to implementation across the settlement lifecycle.
01
Assess
Establish the current state, the constraints, the risks and the value at stake.
02
Define
Shape the target model and the business case with the executives who own the outcome.
03
Mobilise
Stand up the team, the plan and the governance around the outcome.
04
Implement
Design, build and test the change, with the business alongside.
05
Sustain
Cutover, hypercare and handover, so the business runs it under its own control.
The same five stages on every engagement, led by senior practitioners end to end. How we work
Impact
Results from relevant work.
38
Countries covered by one onboarding and credit operating model
Reduction in settlement fails delivered on remediation programmes
Day 1
Senior-led delivery
Senior accountability from assessment through hypercare
Client result
Relevant client experience.
Capital Markets · Regulatory Transformation
MiFID II trading controls and infrastructure across six asset classes
Leading Investment Bank · Equities, Derivatives, Commodities, FX, Credit & Rates
We helped deliver trading controls and market infrastructure change across algorithmic trading, direct electronic access, market making, clearing, surveillance and best execution.
- 80+
- Venues with market-making agreements retained
- $50bn+
- Cleared derivatives volume supported
- 4
- MiFID II RTS obligations implemented (RTS 6, 8, 27 & 28)
- 6
- Asset classes brought under MiFID II trading controls
Read the case study
Insights
Related perspectives.
Get in touch
Discuss Post-Trade, Clearing & Settlement.
Tell us what you are working through and the expertise you need.