As filed with the Securities and Exchange Commission on January 31, 2034
THIS DOCUMENT IS A TECHNICAL ILLUSTRATION OF HOW CERTAIN DISCLOSURES IN SEC FILINGS ARE TO BE TAGGED. IT DOES NOT INDICATE WHICH PARTICULAR DISCLOSURES MUST BE INCLUDED AND/OR TAGGED IN COMMISSION FILINGS, AND IT DOES NOT CONSTITUTE LEGAL GUIDANCE OF ANY SORT.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
ANNUAL REPORT ON STRAIGHT THROUGH PROCESSING
Form TBD
(name of registrant)
100 F St. NE
Washington, DC 20549
Summary of Policies and Procedures to Facilitate Straight Through Processing
XYZ Clearing Agency has policies and procedures to facilitate straight through processing (STP) of securities transactions. OSD Test Company provides users a platform that uses automated trade matching, settlement instruction and settlement statuses for all parties to enable straight through processing…
Description of the OSD Test Company’s progress in facilitating STP
Over the past twelve months, the number of securities transactions completed by OSD Test Company by using STP increased significantly due to [...]
Over the next 12 months, OSD Test Company plans to perform additional outreach to inform users of the availability of OSD Test Company’s platform to automate trade matching, settlement instruction and settlement statuses to enable STP…
STP Data Table (in millions)
January 2033 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
February 2033 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
March 2033 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
April 2023 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
May 2023 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
June 2023 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
July 2023 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
August 2023 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
September 2023 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
October 2023 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
November 2023 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|
December 2023 | ||||||||
Central Matching | Electronic Trade Confirmation | |||||||
Service Provider | Broker-Dealer | Service Provider | Broker-Dealer |
Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | Stocks | Bonds | |
Number of trades submitted |
|
|
|
|
|
|
|
|
Number of allocations submitted |
|
|
|
|
|
|
|
|
Number of confirmations submitted |
|
|
|
|
|
|
|
|
Number of confirmations canceled |
|
|
|
|
|
|
|
|
Percentage of confirmations affirmed on trade date |
|
|
|
|
|
|
|
|
Average seconds from confirmation to affirmation | 6.0 | 5.5 | 5 | 4.5 | 4 | 3.5 | 3 | 2.5 |
Percentage of allocations and confirmations that are matched and automatically confirmed |
|
|
|
|
|
|
|
|
Progress Metric specific to OSD Test Company |
|
|
|
|
|
|
|
|