Meeting - and Exceeding Expectations

Competition across numerous industries is growing exponentially and is forcing companies to create competitive advantage by working with nontraditional partners. DTCC is no exception. Our size as the largest post-trade infrastructure organization in the world is no assurance of continued success.

DTCC continues to actively seek out partners and collaborative arrangements to help us serve our customers. We view partnering with other service providers as critical to ensuring our capacity to meet and exceed customer expectations.

DTCC's "Buy vs. Build" Strategy

DTCC welcomes service organizations reaching out to us, where business knowledge and technological advantage can add value to the breadth of capabilities we can jointly offer to our customers.

DTCC has pursued a strategy to "buy vs. build" solutions where it would reduce costs, to partner with well-respected technology and telecomm companies where this collaboration could bring about innovation, and to create alliances with major consulting companies where their adeptness at helping the financial services industry identify opportunities for greater efficiency can be joined with our expertise, as an infrastructure organization, in bringing high-quality and reliable solutions to market quickly.

DTCC's Strategic Partners

DTCC has hundreds of strategic partners, including major companies as well as smaller-sized and specialized software providers. Increasingly, these alliances come about as our strategic partners realize the benefits our common customers can achieve by leveraging DTCC's networked community that links virtually all trading parties, the efficiencies and cost savings of a central service provider, our expertise and track record for automating and standardizing process for virtually every sector in financial services - and a reputation we are striving for as a firm that values its partners.

One of the first major steps we took soon after DTCC was formed in 1999 was to partner with Thomson Reuters to create Omgeo. No development illustrates our commitment to a global business strategy of forging partnerships more than Omgeo, which plays a critical role in the global securities industry as a central information management and processing hub for broker/dealers, investment managers and custodian banks.

DTCC teamed up with Euroclear and Clearstream to build a new service that automates pre-issuance messaging for new issues of European commercial paper. Euroclear and Clearstream are using this technology to serve their customers. It leverages technology we originally developed for the US commercial paper market.

In 2009, MarkitSERV was created in response to calls from regulators, politicians and market participants for greater cooperation within the industry over electronic trade confirmation to reduce risk in the OTC derivative markets. More than 50 banks, 50 inter-dealer brokers and 1,200 funds are already connected to the service which is expected to handle in excess of 15 million confirmations in its first year.