Tagged: dtcc

October 3, 2024 @ 8:57 am By JD Alois  |  

It was just last month that the Depository Trust & Clearing Corporation (DTCC) reported a record breaking day in regard to government securities clearing when the Fixed Income Clearing Corporation’s (FICC’s) Government Securities Division (GSD), cleared $9.2 trillion in daily activity on September 3rd. On… Read More

September 24, 2024 @ 3:16 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) and Digital Asset report that their digital security pilot has succeeded. The two entities partnered on the US Treasury (UST) Collateral Network Pilot. This project sought to utilize distributed ledger technology (DLT) applications to support market connectivity across… Read More

September 23, 2024 @ 9:13 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) says it has topped 2500 clients that are leveraging their Alternative Investment Product (AIP) . The AIP service is a centralized trading and reporting platform that connects the alt investments industry to exchange data. The service includes money settlement… Read More

September 9, 2024 @ 10:46 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) says it has experienced a record breaking day in regard to government securities clearing. According to DTCC, the Fixed Income Clearing Corporation’s (FICC’s) Government Securities Division (GSD), cleared $9.2 trillion in daily activity on September 3rd. This follows… Read More

August 8, 2024 @ 12:05 am By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced the launch of DTCC’s Insurance & Retirement Services’ (I&RS) Producer Authorization (PAR) service, “a standardized method for insurance vendors and distributors to communicate with carriers to verify… Read More

June 24, 2024 @ 6:06 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry,  announced that four new Board Members have joined its Board of Directors. The Board plays a critical role in setting “the strategic direction of DTCC, working closely with the firm’s leadership and advising on… Read More

June 13, 2024 @ 1:12 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, announced the launch of FICC’s interactive, public-facing Capped Contingency Liquidity Facility (CCLF) Calculator. With the expansion of central clearing in U.S. Treasuries “on the horizon and given the size of transactions in the U.S…. Read More

June 13, 2024 @ 12:28 pm By Tony Zerucha  |  

DTCC, a provider of post-trade market infrastructure for the global financial services industry, announced this week that, according to new industry feedback, daily Treasury volumes through its Fixed Income Clearing Corporation (FICC) are expected to rise by more than $4 trillion once the SEC’s expanded U.S. Treasury clearing… Read More

June 5, 2024 @ 2:08 pm By JD Alois  |  

Today, the Digital Assets, Financial Technology, and Inclusion Subcommittee, part of the House Financial Services Committee, held a hearing on the tokenization of real-world assets (RWAs) and the migration to digital securities. The hearing was entitled “Next Generation Infrastructure: How Tokenization of Real-World Assets Will… Read More

May 29, 2024 @ 9:23 am By JD Alois  |  

While everyone knows that digital securities are the future, the path to shift from the analog past to the digital asset future has been a circuitous path. Today, DTCC, Euroclear, and Clearstreem have announced they are working with the Boston Consulting Group to produce a… Read More

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 19, 2024 @ 12:07 pm By Omar Faridi  |  

Hitoshi, Co-founder & Chief Product Officer at Alpaca notes that Alpaca has transitioned to self-clearing at DTCC. As noted in a blog post, this is a key milestone since they started “a regulated brokerage business five years ago.” It’s a pivotal milestone for them because this… 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