Tagged: dtcc

Interconnected Risks in the Global Financial Industry: DTCC Says Beware

Panic Sim Swap Hack iPhone Warning Fear Danger

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

DTCC Board of Directors Appoints Frank La Salla as President, CEO

Board of Directors

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

DTCC Appoints Two New Directors to Board, Touts Fintech Experience

Money Eyes Benjamin Look See

The Depository Trust & Clearing Corporation (DTCC), a vitally important entity for global securities markets, has announced two new Board members while pointing to their Fintech experience. DTCC has been deeply engaged in researching new technology, including blockchain, as it seeks to maintain relevance in… Read More

The Depository Trust & Clearing Corporation Announces Enhanced Institutional Trade Processing

matrix-data-money

The Depository Trust & Clearing Corporation (DTCC) has announced the launch of enhanced Institutional Trade Processing (ITP) service, ITP Data Analytics. According to DTCC, the new service includes analytical tools that enable Broker/Dealers and Investment Managers to measure and compare their operational performance against peers… Read More

No Surprise: Cyber Risk Biggest Threat to Financial Markets, Followed by Disease and Geopolitical Concerns

Panic Fear Eyes Angst Anxiety

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

DTCC Announces New Platform for Private Securities, will Interface with Ethereum

Old Stock ticker Market Exchange

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

DTCC Says 99% of US Trade Flow Volume Migrates to Central Trade Manager

New York Stock Exchange Floor Trading Market

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

Depository Trust and Clearing Corporation Partners with Ebix to Provide Automated Annuity Compliance Service

Hand Shake Holding Hands Partnership

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

ESMA Fines DTCC Derivatives Repository Plc for Infringements of European Market Infrastructure Regulation

Red Card Penalty Fine Infraction

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

Salerio, the Post-Execution Trade Processing Service from Corfinancial, Chosen by Investment Firm Man Group

Old Stock ticker Market Exchange

Salerio, the post-execution trade processing service from Corfinancial, has been chosen by the Man Group, the international active investment management company, in order to assist in their migration from the OASYS US securities trade processing flows to the DTCC’s Institutional Trade Processing (ITP) CTM (Central… Read More

DTCC Innovation Lead Jennifer Peve Appointed Head of Strategy and Business Development

jennifer peve

Jennifer Peve, currently  Managing Director, Business Innovation at the Depository Trust & Clearing Corporation (DTCC), has been appointed as Head of Strategy and Business Development at DTCC. Peve has been leading the innovation charge at DTCC, an entity that processes over $2 quadrillion a year… Read More

GameStopped Hearing Part III: What’s Next for Policymakers?

Gary Gensler

Today was the 3rd, and perhaps final, hearing held by the House Committee on Financial Services regarding the GameStop (NYSE:GME) sage regarding short selling by traders chatting on Reddit. As most people are aware, investors on subreddits like Wallstreetbets, combined to drive the value of… Read More

The Depository Trust & Clearing Corporation Advocates Transition to T+1 Settlement

DTCC T1 graphic

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

Depository Trust & Clearing Corporation Tests Insurance Information Exchange

Insurance Department State of New York

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

DTCC Survey: Certain Post-Trade Processing Costs for Cash Securities at Broker-Dealers May be Reduced by 25% via Automation

Arrow Down Money Decline Downgrade

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

DTCC Looks to Dematerialize Securities as Digital Future Looms

Stock Certificate

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

Crypto Exchange bitFlyer to Offer Digital Asset Trading in Hawaii, and New Pilot Program

Surfing Hawaii abigail lynn unsplash

bitFlyer USA, a digital currency exchange where people can purchase, sell, and trade Bitcoin (BTC) and other cryptos for US dollars “safely,” with low fees and latency, revealed on August 19, 2020 that its digital asset trading platform will soon be accessible to customers based… Read More

DTCC Processed $2.15 QUADRILLION in Securities in 2019 and its Looking at Distributed Ledger Technology

George Washingont New York Stock Exchange NYSE 2020

  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

Digital Assets: The Depository Trust & Clearing Corporation Looks to Blockchain to Improve Public & Private Markets

NYSE Digital Markets Wall Street New York City Decentralize

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

US Depository Trust and Clearing Corporation Might Establish Consortium to Deal with DLT Security Risks

caution on wall street

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

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