DTCC continues post-trade processing push

The Depository Trust & Clearing Corporation (DTCC) has appointed Gina Ghent as a vice-president for business development. Ghent will be responsible for expanding the New York-based clearance and settlement firm’s over the-counter derivatives post-trade processing business globally.

Ghent was previously an adviser and derivatives lawyer in the investment banking division of Canadian Imperial Bank of Commerce.

Janet Wynn, New York-based managing director and general manager of DTCC's Deriv/SERV processing platform, said that Ghent will lead the product management effort for the equity derivatives platform and will also be involved in credit default swaps post-trade service offerings.

Deriv/SERV is one of the major post-trade processing platforms used by credit derivatives dealers. Last year, US and European regulators highlighted the rising volume of unconfirmed trades in this market as a cause for concern.

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