Tagged: dtcc

DTCC Keeps Reporting Bigger Numbers as FICC’s Government Securities Trading Tops $10 Trillion in Daily Trading

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

DTCC, Digital Asset Say Tokenization Pilot a Success

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

DTCC Reports Topping 2500 Alternative Investment Clients

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

Depository Trust & Clearing Corporation (DTCC) Reports Record Day for Government Securities

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

DTCC Introduces Insurance and Retirement Services’ Producer Authorization Service

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

DTCC Announces New Members Joining Board of Directors

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

DTCC’s FICC Introduces CCLF Public Calculator to Enable Expansion of US Treasury Clearing

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

New Clearing Rules To Grow Daily DTCC Treasury Volumes by $4B+

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

Tokenization: Digital Securities Topic of House Financial Services Digital Asset Subcommittee

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

DTCC, Clearstream, Euroclear Work with Boston Consulting Group to Create Digital Asset Framework

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

DTCC Shares Comments on Industry’s Affirmation Progress with T+1 Implementation Just 2 Weeks Away

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

Fintech Platform Alpaca Reportedly Transitions to Self-Clearing at DTCC

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

Societe Generale Announced by DTCC As Prime Broker to Leverage CTM’s Tri-Party Trade Matching Workflow

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

DTCC Shares Comments on Industry’s Affirmation Progress, With T+1 Implementation Date Approaching

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

DTCC FICC Treasury Clearing Volumes Now Represent $7 Trillion in Daily Average Activity

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

Goldman Sachs Reportedly Achieves 99%+ Same-Day Affirmation Rate, Improvement in Settlement Rates with DTCC CTM Match to Instruct Workflow

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

DTCC’s Acquisition of Blockchain Firm Securrency is Completed

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

DTCC Releases Systemic Risk Barometer Survey Results, Identifying Potential Threats to Financial Services Sector

Photo courtesy http://www.flickr.com/photos/zigazou76/

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

DTCC Reports Over 10,000 Funds for its Alternative Investment Product Services

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

DTCC Introduces ALERT API Suite, Enabling Clients to Request, Receive SSI Data

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

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