Archives

August 22, 2022 @ 10:20 am By JD Alois  |  

DTCC Ion Platform Processing 100,000+ Transactions per Day The Depository Trust and Clearing Corporation (DTCC), a vital post-trade custody and asset servicing firm, says its blockchain-based platform Ion is live and in production, operating in parallel with its legacy system. DTCC shares that it has… Read More

August 1, 2022 @ 11:03 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), Securities Industry and Financial Markets Association (SIFMA) and the Investment Company Institute (ICI) have published a “playbook” on T+1 settlement. The T+1 Securities Settlement Industry Implementation Playbook outlines the approach to identifying the implementation activities, timelines, dependencies, and… Read More

July 28, 2022 @ 9:41 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced its subsidiary, The Depository Trust Company (DTC), has “connected its automated ClaimConnect solution to the claims processing platform offered by financial software provider Kingfield Corporation.” The partnership… Read More

June 30, 2022 @ 7:22 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the “premier” post-trade market infrastructure for the global financial services industry, recently announced that the community leveraging its DTCC Report Hub service “has grown to more than 70 firms, including leading banks, major swap dealers, and some of… Read More

June 16, 2022 @ 4:32 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, revealed that its subsidiary, The Depository Trust Company (DTC), successfully “processed the U.S. market’s first-ever, fully-automated voluntary reorganization ISO 20022 instruction as part of its newly automated Voluntary… Read More

June 8, 2022 @ 10:08 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is looking to advise financial services firms with a new white paper that highlights the “risks of digital innovation.” The document is entitled “The Power of Technology Resilience: A Framework for the Industry,” and reviews the heightened risk… Read More

May 5, 2022 @ 3:56 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is out with a report warning about the interconnected risks of the global financial industry. As if we didn’t need something else to cause concern, DTCC says the nature of these risks continues to evolve occurring with greater… Read More

April 26, 2022 @ 1:34 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC) recently announced that its Board of Directors has appointed Francis (Frank) La Salla, currently CEO of BNY Mellon’s Issuer Services business and a member of the BNY Mellon Executive Committee, as President and Chief Executive Officer (CEO) of… Read More

December 8, 2021 @ 10:55 am By JD Alois  |  

Cyber risk is the biggest threat to financial markets in 2022, according to a statement by The Depository Trust and Clearing Corporation (DTCC). This pronouncement should come as no surprise as the news is replete with reports of hacks and breaches by all kinds of… Read More

November 10, 2021 @ 3:51 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has announced a new platform for the issuance, transfer, and servicing of private market securities. DTCC is a service provider that processes the clearing and settlement for over $2 quadrillion of securities transactions every year.  The private securities… Read More

October 12, 2021 @ 10:27 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) says that 99% of U.S. trade flow volumes on the legacy DTCC OASYS service have migrated or are in the process of migrating to Central Trade Manager (CTM). CTM is a platform for the central matching of cross-border… Read More

July 16, 2021 @ 11:19 am By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the market infrastructure for the global financial services sector, reveals that it’s teaming up with Ebix, Inc. (NASDAQ: EBIX), an established international supplier of on-demand software and digital commerce services, in order to provide an automated annuity compliance… Read More

July 12, 2021 @ 11:22 pm By Omar Faridi  |  

The European Securities and Markets Authority (ESMA), the European Union’s securities markets regulator, has reportedly fined DTCC Derivatives Repository Plc (DDRL) a total of €408,000 for seven infringements of the European Market Infrastructure Regulation (EMIR). The violations are related to (or involve) data confidentiality, data… Read More

February 24, 2021 @ 9:48 am By JD Alois  |  

Following the Gamestop/Reddit/Robinhood melodrama, the discussion of when trades settle has become a topic of concern. Currently, if you purchase shares from a broker you must pay for those shares within two days of the trade (T+2), something the Securities and Exchange Commission adopted in… Read More

November 23, 2020 @ 10:25 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is now offering a new client pilot program for its Insurance Information Exchange (IIEX) service, a platform that seeks to help clients turn massive quantities of insurance data and information across 15.6 million policy records into actionable insights…. Read More

November 19, 2020 @ 10:07 pm By Omar Faridi  |  

New York-based Depository Trust & Clearing Corporation (DTCC), a post-trade financial services firm offering clearing and settlement services to the capital markets, recently published the findings of a survey of nine major broker-dealer companies. The survey’s results revealed that various post-trade processing costs for cash… Read More

September 29, 2020 @ 11:29 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is looking towards the future of digital securities as the industry advances from physical certificates to digital assets. The DTCC touches about all security transactions. In 2019, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.15… Read More

June 4, 2020 @ 11:00 am By JD Alois  |  

  The Depository Trust & Clearing Corporation (DTCC) is an enormous operation providing the vast majority of clearing and settlement services for securities in the US. To put this in perspective, DTCC processed $2.15 quadrillion (a quadrillion is a thousand trillion) in securities during 2019…. Read More

May 18, 2020 @ 9:32 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), the platform that provides clearing and settlement services to the financial services markets, says it plans to “explore the benefits of digitalization in the public and private markets.” DTCC is looking to leverage blockchain or distributed ledger technology… Read More

February 14, 2020 @ 6:32 am By Omar Faridi  |  

The US Depository Trust and Clearing Corporation (DTCC), a major post-trade financial services firm offering clearing and settlement services to large capital markets, is considering establishing an industry consortium to formulate a joint strategy for dealing with security risks in the implementation of blockchain or… Read More