FICC sponsored service volumes exceeded US$2 trillion in 2024
14 January 2025 US
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The Depository Trust & Clearing Corporation (DTCC) has announced that Fixed Income Clearing Corporation’s (FICC) sponsored service volumes reached US$2 trillion at the end of 2024.
This marked a new peak volume and an 83 per cent year-over-year increase.
Amid preparations to meet expanded US Treasury clearing mandate requirements, FICC’s indirect clearing relationships also grew to 7,200 — representing a 20 per cent growth in indirect relationships year-over-year.
Laura Klimpel, managing director and head of DTCC’s fixed income and financing solutions, comments: “We anticipate continued growth in voluntary clearing in the months ahead as firms recognise the value of clearing their trading activity at FICC.”
Brian Steele, DTCC managing director and president of clearing and securities services, adds: “We’ll continue to serve our clients as their strategic partner as we introduce workflows and accounting approaches to enable capital efficiencies.”
This marked a new peak volume and an 83 per cent year-over-year increase.
Amid preparations to meet expanded US Treasury clearing mandate requirements, FICC’s indirect clearing relationships also grew to 7,200 — representing a 20 per cent growth in indirect relationships year-over-year.
Laura Klimpel, managing director and head of DTCC’s fixed income and financing solutions, comments: “We anticipate continued growth in voluntary clearing in the months ahead as firms recognise the value of clearing their trading activity at FICC.”
Brian Steele, DTCC managing director and president of clearing and securities services, adds: “We’ll continue to serve our clients as their strategic partner as we introduce workflows and accounting approaches to enable capital efficiencies.”
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