The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced that its Fixed Income Clearing Corporation (FICC) subsidiary “processed through its Government Securities Division (GSD) a new peak volume of USD$11.8 Trillion in cleared transactions on June 30.”
This is the highest GSD volume recorded “since April 9, when peak volume reached USD$11.4 Trillion.”
FICC’s Sponsored Service also reached “a new peak volume on June 30, successfully clearing over USD$2.48 Trillion in Sponsored activity vs. the previous record of USD$2.11 Trillion on April 30 and providing USD$1.14 Trillion in balance sheet capacity to the industry on the same day.”
Laura Klimpel, Managing Director, Head of DTCC’s Fixed Income and Financing Solutions said:
“FICC’s long track record of successfully processing persistent volatility in U.S. Treasuries is a testament to our steadfast commitment to risk management and resiliency. At the same time, we are also providing increased balance sheet capacity to our members due to the value of central clearing with FICC. We are not only protecting one of the world’s largest financial markets by managing volatility and market stress but also enabling significant capital and liquidity efficiencies for our members.”
With over 50 years of experience, DTCC is the post-trade market infrastructure for “the global financial services industry.”
From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and “standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers.”
Industry owned and governed, the firm innovates “purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem.”
In 2024, DTCC’s subsidiaries processed securities transactions “valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion.”
DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, reportedly processes “more than 25 billion messages annually.”