The Depository Trust & Clearing Corporation’s central trade manager (CTM) service for US domestic trade matching has grown to more than 1,800 firms, with organisations further consolidating global post-trade flows on a single platform
FICC, the DTCC subsidiary, argues that central clearing provides widespread benefits to the US Treasury market, including lower credit risk and settlement risk, improved liquidity and market access, and a more orderly system for liquidating positions
An industry working group, sponsored by the CPMI-IOSCO specialist group on cyber resilience, has published a whitepaper on data protection and validation in the face of cyber threats to FMIs
“Project Ion holds the promise of new settlement functionality supported by robust technical capabilities and is a key part of our on-going efforts to further accelerate settlement," says Michele Hillery
Fund Recs’ Velocity service will connect to DTCC’s Global Trade Repository to retrieve and analyse trade data for accuracy and completion, simplifying and streamlining the reconciliation process
Laura Klimpel tells AST that the new service will deliver a number of benefits to the industry including opportunities for increased capital efficiency for both borrowers and agent lenders
Initial trades on FICC’s sponsored GC service executed by Federated Hermes, BNY Mellon and J.P. Morgan Securities, enabling centrally cleared repo transactions to settle on BNY Mellon's tri-party platform
By leveraging MTU, State Street’s Collateral+ business will now be able to more efficiently validate, enrich, settle, report and monitor third party collateral
The new platform provides a paperless process for the delivery of CDs, increasing efficiency through automation, improving data quality, reducing risk, and providing greater transparency into the eligibility lifecycle