Tagged: dtcc

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

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

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

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

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, 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?

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

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

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

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

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

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

  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

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

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

Giant US Post-trade Financial Services Firm DTCC Introduces Unified API Marketplace for Business Partners

The Depository Trust & Clearing Corporation (DTCC) has introduced its Application Programming Interface (API) Marketplace, which offers its customers, business partners, and internal developers a single, unified, central location for APIs created by DTCC. Each API comes with a software development kit (SDK) and relevant… Read More

Senior Executives at the Depository Trust & Clearing Corporation (DTCC) Sound Off on 2020

Senior Executives from the Depository Trust & Clearing Corporation (DTCC) have provided reflections on what we might expect regarding financial market infrastructures in 2020. The DTCC is a market infrastructure provider that automates, centralizes and standardizes the processing of financial transactions. It’s responsibilities include, “settling trading… Read More

DTCC and Accenture Forward Proposed DLT Governance Model

Accenture and the Depository Trust & Clearing Corporation (DTCC) are circulating a white paper which, “explores the generalized governance model that DTCC is implementing for its TIW-DDL system, a real-world implementation of DLT…(for the) financial industry.” DLT (distributed ledger technology) is an enterprise-adapted version of “blockchain”… Read More

Getting Real: Banking Technologists and Professor Debate Blockchain at Federal Reserve Atlanta

Banking technologists Martin Walker, Keith Pritchard and Professor David L Yermack debated the promise and realities of blockchain and distributed ledger technologies on a panel that opened the most recent Mapping the Financial Frontier Conference. The conference was held at Federal Reserve Bank in Atlanta,… Read More

DTCC: Analyst says “DLT Maximalism” for Clearing Would Lead to Liquidity Crunch and Reduced Market Oversight

A Senior Analyst on Greenwich Associates’ Market Structure and Technology Team has produced a whitepaper and participated in a series of videos that challenge “DLT maximalist” claims that distributed ledger technology (DLT or “blockchain”) can effectively replace the roles played by central clearinghouses in securities settlement…. Read More

The Depository Trust & Clearing Corporation Provides Guidelines for Security Tokens and Post Trade Responsibilities

The Depository Trust & Clearing Corporation (DTCC) has published guidelines on security tokens and post trade responsibilities. The issuance of these guiding principles are an important step in the utilization of the issuance and ongoing trading of blockchain based securities tokens or crypto assets. DTCC… Read More

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