20 August 2017
Find out more

DTCC adds new Canadian trade reporting capabilities to GTR

21 November 2016  |  1947 views  |  0 Source: Depository Trust & Clearing Corporation

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announces that its Global Trade Repository (GTR), through its locally registered trade repository, has added trade repository services for Newfoundland and Labrador.

With this addition, GTR now supports all Canadian provinces and territories, with existing support for Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, Saskatchewan, Nunavut, Northwest Territories, Prince Edward Island and Yukon.

In an effort to achieve improved risk analysis, all Canadian provinces and territories have adopted harmonized derivatives reporting regulations, as applicable, rules 91-507 and MI 96-101. These rules require reporting for over-the-counter (OTC) derivatives transactions, including rate, credit, equity, FX and commodity derivatives. GTR is anticipated to begin support for public price dissemination in January 2017, across all Canadian provinces and territories.

“We are pleased to be able to deliver robust and comprehensive derivatives trade reporting capabilities to market participants and regulatory authorities across Canada, bringing greater transparency and risk mitigation to the OTC derivatives markets,” said Marisol Collazo, CEO of GTR Americas for DTCC.

Ms. Collazo added, “As the only global trade repository offering reporting services across all five asset classes, we continue to work with regulators, service providers and end users to facilitate reporting in Canada and other major jurisdictions. Our commitment is to continue to support our clients by offering a flexible platform which simplifies their reporting processes by enabling them to report all their trades once.”

Today, there are over 6,000 firms leveraging GTR for more than 60,000 accounts, with over 150 firms managing 620 accounts in Canada alone. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.niceactimize.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10116 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8482 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8130 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8089 views 0 | 3 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7405 views comments | 15 tweets | 14 linkedin

Featured job

Find your next job