DTCC is reporting that its Alternative Investment Product Services (AIP) has now topped 10,000 unique funds. This is an increase of around 20% when compared to last year. Simultaneously, users of the product have increased by 28% to 2200 clients.
DTCC provides post-trade market infrastructure for the global financial services industry. To provide a scale of how large and important DTCC is, in 2022, DTCC’s subsidiaries processed securities transactions valued at U.S. $2.5 quadrillion, and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $72 trillion.
Ann Bergin, DTCC Managing Director and General Manager of Wealth Management Services, said the usage of AIP has reinforced the value of automation for the alternative investment industry.
“We remain committed to supporting our clients’ evolving needs by providing scalable infrastructure that automates critical processes, essential to advancing the alternative investments industry.”
Bergin said that when the service was launched 15 years ago they expected it would help transform alternative investing.
AIP is a centralized, standardized trading and reporting platform that links the alternative investments industry to exchange data. The service includes centralized money settlement for orders, distributions, and other financial activities and is situated between product providers or issuers and distributors, acting as a transaction processing and trade execution channel.