This fundraising round for the digital payments fintech was led by Goldman Sachs and BNP Paribas with involvement from DTCC, Euroclear, Nomura, WisdomTree and a number of other investors
OTC Direct Connect will improve data access for OTC derivatives trades reported to DTCC’s Data Repository, using AWS Data Exchange to reference trade data held in AWS cloud
DTCC Report Hub’s new Trade Reporting Analytics aims to provide reporting parties access to a growing library of more than 100 data insights on their own reporting behaviour
Designed to create improved efficiency and transparency for the market, Synapse is the latest enhancement to Stock Connect — a mutual market access programme that connects Mainland Chinese markets with those in Hong Kong
The companies have called for “increased collaboration to progress an ecosystem that currently includes fragmented standards, varying regulatory treatment, limited integrations with institutional-grade payment rails, and siloed liquidity
The proposal would require a significantly larger portion of the U.S. Treasury cash and repo markets to be centrally cleared through an SEC-registered central counterparty
The arrangement will enable capital efficiencies for clearing members that trade and clear both US Treasury securities and CME Group Interest Rate futures