DTCC, Swift reveal details of repository plans

Joe Halberstadt
Joe Halberstadt: DTCC partnership not exclusive and Swift may work with other FX repositories

The New York-based Depository Trust & Clearing Corporation (DTCC) and Brussels-based networking and messaging provider Swift are moving to develop a trade repository for the foreign exchange industry following an announcement on July 11 that they had been chosen by the global foreign exchange division of the Association for Financial Markets in Europe (Afme) after a competitive selection process that began in November 2010.

DTCC had been seen by some participants as a favourite as it has operate

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