25 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

DTCC updates data suite

06 March 2017  |  1560 views  |  0 Source: DTCC

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that the DTCC DataPro product suite, previously known as DTCC Data Products, will be enhanced to include additional data offerings covering major asset classes.

DTCC DataPro delivers both referential and activity-based data solutions that help clients address evolving operational, regulatory compliance, risk management and investment processes.

DTCC DataPro currently covers major asset classes across six categories: Announcement, Liquidity, Market and Benchmark Analytics, Regulatory Compliance, Risk and Security Reference. “DTCC DataPro leverages data collected by DTCC’s processing and data engines to help firms address front-, middle- and back-office needs,” said Ron Jordan, Managing Director of Data Services, DTCC. “In an increasingly competitive market environment, DTCC DataPro simplifies the complexities of data management across transaction types and asset classes, increasing transparency, mitigating risk and driving efficiencies for financial firms.”

DTCC DataPro recently launched Trade Information Warehouse (TIW) Market Reports, which offer market risk perspectives on credit derivatives by utilizing data sourced from TIW - a centralized infrastructure for reporting and asset servicing on approximately 98% of credit derivative transactions worldwide. Two anonymized and aggregated report types are available: TIW Weekly Stock and Volume Report, which delivers information on credit default swap (CDS) contract activity; and TIW Index and Index Options Activity Report, offering information covering CDS index plus index option open interest.

In collaboration with the financial industry, DTCC is evaluating a potential role in providing banks with a Fundamental Review of the Trading Book (FRTB) real-price data service. FRTB overhauls the current Basel 2.5 market risk capital framework, which requires banks to demonstrate that risk factors used in their capital model meet “real” price observability standards.

“DTCC DataPro was created in response to growing client demand for access to consolidated views of their own trading data, as well as aggregated and anonymized market data sourced from DTCC’s processing and data engines,” said Dan Magarino, Executive Director, DTCC DataPro. “It uses source data to provide market insights to clients for use in a variety of different ways, including gaining a more holistic view of their own activity, comparing their activity to market benchmarks, helping to comply with the myriad of new regulatory requirements, helping to optimize their use of capital and to better manage risk.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57077 views comments | 15 tweets | 35 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8462 views comments | 23 tweets | 37 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
8224 views comments | 42 tweets | 25 linkedin
Westpac wants to take over your messaging keyboardWestpac wants to take over your messaging...
7051 views comments | 4 tweets | 10 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
6922 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job