Archives

May 14, 2024 @ 1:03 pm By Omar Faridi  |  

The US transition to a T+1 settlement cycle is only two weeks away, and DTCC says that it continues to actively work with the industry and regulators to ensure a seamless transition to a T+1 settlement cycle on May 28th, 2024, with a focus “on… Read More

April 4, 2024 @ 7:52 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry,  announced that Societe Generale is reportedly the first Prime Broker to leverage CTM’s new automated tri-party trade matching workflow as the industry prepares for the increased focus on global accelerated settlement requirements. CTM’s new… Read More

April 1, 2024 @ 6:56 pm By Omar Faridi  |  

The U.S. transition to a T+1 settlement cycle is two months away, and market participants are continuing preparations as the May 28, 2024, implementation date approaches. Many firms continue to focus “on enhancing operational efficiencies, including the achievement of same-day affirmation.” DTCC analysis shows that… Read More

March 13, 2024 @ 9:31 am By Omar Faridi  |  

DTCC is reporting that its Fixed Income Clearing Corporation (FICC) Treasury clearing volumes have grown 31% year over year, “processing a daily average volume of USD$7.019 trillion.” This growth comes at a time when market participant firms “are assessing the impact of the U.S. Securities and… Read More

February 20, 2024 @ 9:51 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, today announced that Goldman Sachs & Co. LLC has “achieved a greater than 99% same-day affirmation rate and a significant improvement in settlement rates for transactions leveraging CTM’s Match to Instruct (M2i) workflow in… Read More

December 11, 2023 @ 9:45 am By JD Alois  |  

Announced earlier this year DTCC announced the acquisition of Securrency, a blockchain firm that seeks to provide digital security infrastructure. The purchase has now closed, and the subsidiary is now known as DTCC Digital Assets. Securrency was founded as Fintech/Regtech platform designed to pair capital to… Read More

December 8, 2023 @ 11:04 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, issued its annual Systemic Risk Barometer Survey results, which have “identified Geopolitical Risks, Inflation, U.S. Political Uncertainty / 2024 U.S. Presidential Election and Cyber Risk as the most significant threats to the financial services… Read More

November 29, 2023 @ 10:33 am By JD Alois  |  

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… Read More

November 16, 2023 @ 3:52 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, today announced that DTCC ALERT, the industry’s “largest” online global database for the maintenance and communication of account and standing settlement instructions (SSIs), has reached a key milestone “with over 15 million SSIs, including… Read More

November 11, 2023 @ 7:03 pm By Omar Faridi  |  

DTCC, the market infrastructure for the global financial services industry, announced the launch of DTCC’s OTC Direct Connect, a service providing seamless access to OTC derivatives transactions data that are reportable in the U.S. and Canada. With OTC Direct Connect, investment professionals, data vendors, and… Read More

October 31, 2023 @ 10:23 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, today announced the launch of Trade Reporting Analytics and UTI Exchange as part of its DTCC Report Hub service. Report Hub is a cloud-based pre and post reporting platform that “helps firms manage the… Read More

October 20, 2023 @ 7:59 am By Omar Faridi  |  

DTCC, the market infrastructure for the global financial services industry, announced it has signed a definitive agreement to acquire Securrency Inc., a developer of institutional-grade, digital asset infrastructure. The acquisition, which is expected “to close within the next several weeks, will position DTCC to provide… Read More

September 19, 2023 @ 3:28 pm By Omar Faridi  |  

Three of the world’s largest financial market infrastructures (FMIs) – DTCC, Clearstream, and Euroclear – released a paper on the state of the industry’s digital asset evolution. The paper calls for increased collaboration “to progress an ecosystem that currently includes fragmented standards, varying regulatory treatment,… Read More

September 17, 2023 @ 10:07 am By Omar Faridi  |  

CME Group, the derivatives marketplace, and The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced their enhanced cross-margining arrangement has received Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) approvals. The arrangement will… Read More

August 14, 2023 @ 11:56 am By JD Alois  |  

DTCC is currently testing T +1 – the new standard for settling trades.  Currently, trades are settled T+2. The last change was in 2017 when traders had three days to settle their securities transactions. CI received a comment from DTCC Managing Director and General Manager,… Read More

March 14, 2023 @ 5:16 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services, announced that it has launched its new LIBOR Benchmark Replacement Index solution “to support the industry’s transition from LIBOR benchmark rates to Secured Overnight Financing Rate Data (SOFR) as… Read More

February 3, 2023 @ 7:47 pm By Omar Faridi  |  

Climate change is expected to have a “dramatic impact” on our environment over the next few decades – and quite possibly beyond, according to an update from DTCC. Since the 1980s, each decade has “been warmer than the previous one and this trend is expected… Read More

December 2, 2022 @ 10:56 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), in partnership with The Digital Dollar Project (DDP) and Accenture, has published a white paper titled “Exploring Post-Trade Security Settlement with a US Central Bank Digital Currency.” The paper outlines the findings of a pilot project exploring how… Read More

November 7, 2022 @ 10:22 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has announced the selection of Nashira Spencer as its new Chief Security Officer (CSO), effective today. Spencer will report to Tim Cuddihy, DTCC’s Group Chief Risk Officer. According to DTCC, Spencer brings 20 years of expertise in security management,… Read More

September 22, 2022 @ 11:16 pm By Omar Faridi  |  

As quantum computing creates vast new possibilities to analyze and solve complex problems that are unsolvable by today’s computers, it also has the potential “to disrupt entire industries and create significant new risks for financial firms by making even the most highly protected computer systems… Read More