The Depository Trust & Clearing Corporation (DTCC) today announced two executive management appointments in its Global Trade Repository business as the company continues to expand operations globally to bring greater transparency to the over-the-counter (OTC) derivatives market and to help financial firms meet new regulatory trade reporting mandates.
The Depository Trust & Clearing Corporation (DTCC) has teamed up with six Wall Street banks to launch Clarient Entity Hub, a client data and documentation utility.
In order to further the smooth transition to a global system of legal entity identification, the U.S. Commodity Futures Trading Commission (Commission) issued an Amended and Restated Order on July 22, 2014, extending the designation of the utility operated by DTCC-Swift as the provider of legal entity identifiers, or LEIs, pursuant to the Commission's swap data recordkeeping and reporting rules.
Omgeo, the global standard for post-trade efficiency, today announced that Omgeo ProtoColl, its automated collateral and margin management solution, is offering a standard interface to The Depository Trust & Clearing Corporation (DTCC) Global Trade Repository (GTR), the world's largest derivatives trade data repository.
The Boards of Euroclear and The Depository Trust & Clearing Corporation (DTCC) have authorized their respective companies to finalize negotiations to establish a joint venture (JV) to deliver a collateral processing infrastructure that leverages and integrates both companies' capabilities and efforts to date.
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, extended its Global Trade Repository (GTR) service to enable a broader range of market participants to meet new Phase 2 reporting requirements for over-the-counter (OTC) derivatives transactions, as mandated by the Australian Securities & Investments Commission (ASIC).
The Depository Trust and Clearing Corporation (DTCC) is stepping up its efforts to shift the US capital markets industry to a T+2 settlement life-cycle.
Sifma is calling for the US capital markets industry to move to a T+2 settlement lifecylce, as other markets worldwide bid to bridge the gap between trade execution and delivery of financial contracts.
DTCC-owned clean data utility Avox has announced plans to hire 200 new staff over the next two-years, doubling its workforce in the face of increasing industry demand for accurate reference data.
Despite an apparent ease in fears of a systemic risk event happening in the next 12 months, a recent survey conducted by The Depository Trust & Clearing Corporation (DTCC) revealed that a vast majority of financial firms have increased spending on systemic risk mitigation.
© Finextra Research 2014