客户可以在执行时实时提交交易, 交换交易状态信息, 访问和传送报告, and cancel or modify trades in RTTM using one of two methods: via RTTM Web, 基于web的用户界面, 或者通过基于大型机的交互式消息.
RTTM Web is a web-based interface that serves as a single point of entry, providing transaction management and screen-based error resolution across fixed income instrument types. 该应用程序是安全的, browser-based trade entry/management tool that incorporates robust search capabilities, 统计报告, 异常处理.
通过RTTM Web, 客户可以输入与贸易相关的活动和, 不管输入法如何, obtain the real-time status of all transactions received and/or updated by the RTTM system. RTTM Web的用户友好搜索, 查询, and reporting tools help members proactively identify and resolve processing exceptions that, 剩下未被发现, 会导致代价高昂的贸易差异吗.
不管交易是如何提交的, FICC will generate output to RTTM users when trades are compared (whether comparison occurs as a result of matching, 或交易在收到时进行比较。). 由FICC证据产生的比较是有效的, binding and enforceable contract between the trading member counterparties, and also represent the point at which MBSD’s trade guarantee goes into effect.
RTTM routes compared trades to the appropriate destinations for further downstream processing for netting and settlement and regulatory agencies for price transparency reporting. RTTM also supports trade reporting to TRACE and the Municipal Securities Rulemaking Board (MSRB).
RTTM will send matched NSCC-eligible obligations that qualify for netting to NSCC’s Continuous Net 结算 (CNS) system, Balance Order system or the Trade-for-Trade Accounting system. 绝大多数交易都是在中国结算的, which nets transactions for each participant and facilitates the book-entry movement of depository eligible securities in a centralized, 受控和自动化环境.