Forex repository aiming for mid-2012 launch, says DTCC
Following the launch of the interest rate derivatives trade repository last week, the Depository Trust & Clearing Corporation confirms foreign exchange and commodities are the next priority
The Depository Trust & Clearing Corporation (DTCC), which in July was selected by the global foreign exchange division of the Global Financial Markets Association to develop a trade repository for the foreign exchange market, expects the new utility to go live around mid-2012. But the timeline is still uncertain, as the firm builds the necessary infrastructure and awaits further regulatory clarity.
"Our plans are still broad in relation to when the foreign exchange repository will be in
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