S&P Global Backs SSImple to Automate Standing Settlement Instructions

Quick Summary

S&P Global has made a strategic investment in SSImple to enhance SSI data quality and automation. This partnership addresses critical post-trade inefficiencies by combining SSImple’s specialized management platform with S&P Global’s infrastructure, helping financial institutions prepare for T+1 settlement cycles and reduce operational risks globally.

How Does S&P Global Improve SSI Data Quality?

The strategic investment in SSImple is designed to tackle standing settlement instructions (SSIs), which remain a primary source of trade failures in capital markets. By integrating SSImple’s technology with S&P Global’s market data infrastructure, the firms provide a centralized approach to SSI governance. This ensures that trusted SSI data is validated and automated, reducing the manual intervention typically required in post-trade workflows.

• Automated validation of settlement instructions to prevent trade breaks.
• Enhanced governance frameworks for institutional data management.
• Direct integration into existing S&P Global Market Intelligence workflows.

Why is T+1 Settlement Driving This Investment?

As global markets transition toward shorter settlement cycles, the margin for error in post-trade processing has vanished. The move to T+1 requires real-time SSI accuracy to ensure trades settle within the 24-hour window. SSImple’s platform allows firms to strengthen post-trade resilience by ensuring that settlement data is ready before the trade is even executed.

• Reduced operational risk by eliminating stale settlement data.
• Improved efficiency through the acceleration of automation adoption.
• Scalable infrastructure capable of handling increased trade volumes under T+1.

“As the industry prepares for T+1 settlement and accelerates its adoption of automation, trusted SSI data has never been more important. By bringing together SSImple’s expertise in SSI management with S&P Global’s client reach and market capabilities, we aim to help firms reduce operational risk, improve efficiency, and strengthen post-trade resilience,” said Bill Meenaghan, chief executive and founder of SSImple.

FF NEWS TAKE:

This investment moves the needle because SSI errors are a multi-billion dollar headache for the back office. By S&P Global putting skin in the game with SSImple, they are signaling that SSI data quality is no longer a 'nice-to-have' but a core requirement for T+1 survival. This partnership effectively weaponizes SSImple’s agility with S&P’s massive distribution, likely making this the new standard for automated settlement instructions.