Depository Trust & Clearing Corporation (DTCC)
Markit and DTCC plan to merge OTC services
London-based data provider Markit and New York-based Depository Trust and Clearing Corporation (DTCC) have announced their intention to form a new company to serve the over-the-counter derivatives markets.
Central clearing house becomes a reality
Clearing Corporation, a Chicago-based clearing house, and the New York-based Depository Trust and Clearing Corporation (DTCC) will launch central counterparty clearing services for a range of over-the-counter credit derivatives in the third quarter.
DTCC names risk chief
The New York-based Depository Trust and Clearing Corporation (DTCC) has named Douglas George as its first chief risk officer.
DTCC and Jasdec to handle US stocks on Japanese exchange
The Depository Trust and Clearing Corporation (DTCC) has signed a deal with the Japan Securities Depository Centre (Jasdec) to streamline trading in US securities on Japanese stock exchanges.
DTCC developing trade warehouse for credit derivatives
The Depository Trust & Clearing Corporation (DTCC) is developing a central trade information warehouse and support infrastructure in an attempt to standardise how credit derivative trades are processed across the industry.
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…
GFI, Icap and Tullett collaborate with DTCC on credit derivatives
Inter-dealer brokers GFI, Icap and Tullett Prebon have come together to launch what they call a 'multi-broker electronic checkout service' in conjunction with the Depositary Trust & Clearing Corporation (DTCC). Initially deployed as a one-year pilot…
Exchanges continue to clear Refco FCM’s trades, DTCC says broker-dealer operation winding down
The controversy surrounding Refco has not hindered operations at its futures commission merchant (FCM) subsidiary, according to derivatives exchanges.
Major dealers issue joint letter to Fed on credit derivatives
The New York Federal Reserve meeting with 14 major dealers on September 15 appears to have succeeded in coercing the industry into taking more concerted action to tackle the mounting problems in credit derivatives confirmation backlogs. Following the…
MarketAxess launches CDS index trading platform
MarketAxess has launched a multi-dealer credit default swap (CDS) index trading service in London and New York. The New York-based company is targeting end-users to use the service.
Playing catch-up
The back office has found it difficult to keep up with front-office trading, prompting a warning by the FSA over the level of unsigned confirmations in the credit derivatives market earlier this year. Banks are now looking to improve the automation of…
DTCC reveals Deriv/Serv expansion
The Depository Trust and Clearing Corporation (TCC) has expanded its Deriv/Serv matching and confirmation service to provide support for trades in interest rate swaps and swaptions, equity swaps and variance swaps.
Icap will use DTCC to process credit derivatives
UK inter-dealer broker Icap will use the Depository Trust & Clearing Corporation (DTCC) for post-trade processing of credit default product transactions from September.
Market Axess and DTCC team up to offer CDS index trading system
Electronic bond trading platform company MarketAxess has teamed up with the Depository Trust & Clearing Corporation's (DTCC) and 11 global dealers to create an electronic client-to-dealer trading platform for credit default swap (CDS) indexes. The CDS…
In the spotlight
The Financial Services Authority has warned banks about the high number of unsigned confirmations in the credit derivatives market. Banks need to take action to clear the backlog, and with the FSA watching closely, they need to do it quickly. By Hann Ho
You're Hit!
Wall Street and the global capital markets are prepared for another physical attack, but is the industry ready for cyber-terrorism?
Euronext.Liffe slashes prices for equity option trading
Euronext.Liffe, the European derivatives exchange, will cut its fees for trading equity options through its electronic trading platform, Liffe Connect, from November 1.
DTCC expands matching and confirmation services
The Depository Trust and Clearing Corporation (DTCC) is to expand its matching and confirmation facility, dubbed Deriv/Serv, to include equity derivatives.
DTCC introduces real-time trade-matching service
The New York-based Depository Trust and Clearing Corporation (DTCC) has introduced real-time trade-matching (RTTM) services for corporate and municipal bonds and unit investment trusts (UITs), a move it called a significant step in the industry’s…
DTCC expands CDS matching service
The Depository Trust and Clearing Corporation (DTCC) has expanded it credit default swaps matching service to cover Asia-Pacific corporates and sovereigns, as well as a number of credit default swap indexes.
SIA announces business continuity guidelines for "Unexpected Market Close"
The Securities Industry Association's Data Management Division has announced guidelines to direct the industry in order routing, clearing and settling equities and options during an unexpected market close.
Understand qualitative aspects of operational risk first, says DTCC
The qualitative aspects of operational risk must be understood before focusing on the quantitative measurements of operational risk capital, according to Eileen Robbins, vice-president for operational risk management at the Depository Trust and Clearing…
DTCC set to launch automated payment reconciliation service
The Depository Trust and Clearing Corporation (DTCC) will this month introduce an automated payment reconciliation service. The move is one of a number of initiatives the US company has planned for the coming months aimed at reducing risk and improving…