DTCC teams up with Droit for trade reporting
Droit’s ADEPT reporting eligibility platform has been added to DTCC’s trade reporting service for SFTR and derivatives reporting regimes.
Droit’s ADEPT reporting eligibility platform has been added to DTCC’s trade reporting service for SFTR and derivatives reporting regimes.
Transaction follows recent regulatory approval to expand DTCC’s Fixed Income Clearing Corporation sponsored programme.
The expansion will also change how the service is used, with sponsors now able to let their clients trade with counterparties other than themselves.
Six swap dealers have adopted the service which aims to streamline reporting and collateral settlement processes.
DTCC gained approval back in 2013, along with counterparts Regis-TR, UnaVista, CME and ICE.
DTCC Deriv/SERV chief executive, Chris Childs, tells The TRADE about the role DTCC’s TIW played at the time of the financial crisis, and the progress made so far in establishing a global reporting framework for OTC derivatives.
Survey from the DTCC finds that half of respondents believe Brexit will pose a threat to the broader economy, as concerns about cyber risk and regulation ease.
Equity Kinetics big data product aims to extract the collective value of data rather than any individual activity.
Discussions around data helping illiquid instruments trade more effectively conjure up worries about what the future of passive investing and what it means for post-trade providers.
DTCC, Accenture, Digital Asset and R3 teamed up to build a US equity clearing and settlement system prototype.