Citco Middle Office Solutions report: Trade matching takes centre stage for alternatives managers in Q2 2023

2 August 2023 - Trade matching continued to be a key focus for alternatives managers in the second quarter of the year, amid a normalization of transaction volumes after the banking sector volatility seen in the first quarter.

According to the latest data from the Citco group of companies’ (Citco) Middle Office Solutions team, demand for trade matching services climbed sharply in Q2, with both cash trades and swaps climbing 31% and 33% respectively.

The impact of Central Securities Depositories Regulation (CSDR) rules in Europe continue to have an impact on demand for outsourced trade matching services; overall, Citco saw a 15% increase in the number of affirmed trades used for trade matching in Q2, following a 14% increase in Q1.

These are some of the findings in the latest Middle Office Solutions report.