Mediates communication between the broker/dealer and investment manager to exchange trade details, match settlement criteria and confirm completion of financial instrument transactions. The Central Matching Utility (CMU) may be operated as a separate utility or as part of another market utility, for example, a Central Securities Depository (CSD).
Data from ISO specification
This is the technical data from the specification document.
<businessRole
xmi:id="_ANyZ0dokEeC60axPepSq7g_1079653248"
name="CentralMatchingUtility"
definition="Mediates communication between the broker/dealer and investment manager to exchange trade details, match settlement criteria and confirm completion of financial instrument transactions. The Central Matching Utility (CMU) may be operated as a separate utility or as part of another market utility, for example, a Central Securities Depository (CSD)."
registrationStatus="Provisionally Registered"
xmlns:xmi="http://www.omg.org/XMI" />