DTCC to integrate derivatives and collateral businesses

The DTCC has unveiled infrastructure changes to its middle office and post-trade functions. 

The Depository Trust and Clearing Corporation (DTCC) is planning to bring its derivatives and collateral management businesses under one roof, while also integrating its middle-office processing services.

DTCC also align its global derivatives trade repository, its trade information warehouse and the DTCC-Euroclear GlobalCollateral businesses under a single portfolio.

The integration of DTCC’s derivatives and collateral business will be led by Christopher Childs, head of derivatives and collateral and CEO of Deriv/SERV.  .

DTCC-Euroclear GlobalCollateral executive chairman Mark Jennis will continue in his role and will report to Childs.

“Bringing our derivatives and collateral businesses together under the same umbrella will help accelerate integration efforts to create a more robust end-to-end processing solution for the industry,” said Timothy Keady, head of DTCC solutions

We believe there is tremendous potential to leverage these services more fully to address a wider range of operational challenges for the derivatives market.”

DTCC’s middle-office trade processing offerings, including the Omgeo suite of solutions, trade support services and the GMEI utility, will be integrated into a single offering.

Matthew Stauffer has also been appointed as head of institutional trade processing as part of the restructuring of its middle-office trade processing services.

Stauffer was previously CEO of Clarient Global, DTCC’s partnership with six banks to provide KYC services.

Prior to this he was DTCC’s managing director of strategy and business development.