DTCC expands data across major asset classes

DTCC DataPro aims to simplify data management across transaction types and asset classes.

The Depository Trust and Clearing Corporation (DTCC) has expanded its data products to cover all major asset classes.

DTCC DataPro will cover asset classes across six categories including announcement, liquidity, market and benchmark analytics, regulatory compliance, risk management and investment processes.

Ron Jordan, managing director of data services at DTCC, explained the DataPro product uses data collected by the firm’s processing and data engines to help with front-, middle- and back-office needs.

“In an increasingly competitive market environment, DTCC DataPro simplifies the complexities of data management across transaction types and asset classes, increasing transparency, mitigating risk and driving efficiencies for financial firms,” he said.

Dan Magarino, executive director of DTCC DataPro, added the service was created in reponse to growing client demand for access to consolidated views of their own trading data.

“It uses source data to provide market insights to clients for use in a variety of different ways, including gaining a more holistic view of their own activity, comparing their activity to market benchmarks and helping to comply with the myriad of new regulatory requirements,” he said.

The data expansion follows the launch of the DataPro trade information warehouse market reports, which provides market risk perspectives on credit derivatives, using data sourced from the warehouse for reporting and asset servicing.

The DTCC added it is also evaluating a potential role in providing banks with a fundamental review of trading book real-time pricing.