DTCC to provide trade reporting services in Switzerland
08 January 2019 New York
Image: Shutterstock
The Depository Trust & Clearing Corporation (DTCC) has received regulatory approval from the Swiss Financial Market Supervisory Authority to provide trade reporting services in Switzerland.
DTCC will provide this via their global trade repository service (GTR) in Europe, which
has more than 3,500 clients sending over 500 million messages per month, with 46 European regulators accessing its data.
GTR will further expand its services to market participants in support of reporting obligations that fall under the Swiss Financial Markets Infrastructure Act (FIMA), also known as FinfraG.
FinfraG aligns Swiss derivatives trading regulation with international standards and requires that firms with a registered office in Switzerland report their derivatives trades to an authorised or recognised trade repository.
Today, GTR provides derivatives trade reporting services through its registered trade repositories across several jurisdictions and across all over-the-counter asset classes, including credit, interest rates, equities, foreign exchange and commodities.
DTCC’s GTR in Europe will now be able to fully support the European Markets Infrastructure Regulation and Securities Financing Transactions Regulation, subject to regulatory approval, and FinfraG regulations from a single platform.
Val Wotton, managing director, product development and strategy, derivatives and collateral management at DTCC, said: “We are pleased to have received regulatory approval to provide trade repository services in Switzerland.”
“Market participants continue to seek a single platform that handles trade reporting across multiple jurisdictions and asset classes, and we are proud to extend our capabilities to Swiss market participants and to provide increased value to our clients.”
DTCC will provide this via their global trade repository service (GTR) in Europe, which
has more than 3,500 clients sending over 500 million messages per month, with 46 European regulators accessing its data.
GTR will further expand its services to market participants in support of reporting obligations that fall under the Swiss Financial Markets Infrastructure Act (FIMA), also known as FinfraG.
FinfraG aligns Swiss derivatives trading regulation with international standards and requires that firms with a registered office in Switzerland report their derivatives trades to an authorised or recognised trade repository.
Today, GTR provides derivatives trade reporting services through its registered trade repositories across several jurisdictions and across all over-the-counter asset classes, including credit, interest rates, equities, foreign exchange and commodities.
DTCC’s GTR in Europe will now be able to fully support the European Markets Infrastructure Regulation and Securities Financing Transactions Regulation, subject to regulatory approval, and FinfraG regulations from a single platform.
Val Wotton, managing director, product development and strategy, derivatives and collateral management at DTCC, said: “We are pleased to have received regulatory approval to provide trade repository services in Switzerland.”
“Market participants continue to seek a single platform that handles trade reporting across multiple jurisdictions and asset classes, and we are proud to extend our capabilities to Swiss market participants and to provide increased value to our clients.”
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