DTCC names information chief to lead tech re-platforming
DTCC is undergoing a strategic re-platforming of its IT infrastructure and technology that supports clearing and settlement.
DTCC is undergoing a strategic re-platforming of its IT infrastructure and technology that supports clearing and settlement.
DTCC recently broadened the category of market participants accessing the Fixed Income Clearing Corporation’s cleared repo service.
Funds have raised concerns that SFTR requirements on collateral re-use will provide full view of trading book.
The proposals aim to shift trading activity away from bilateral markets and towards central clearing.
The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.
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.