Press Releases

Feb 08, 2017 • Press Releases

DTCC’s Institutional Trade Processing Product Suite Reaches One Billion Trades in 2016, Driving Market Efficiencies and Reducing Costs

Readies industry for U.S. T+2 go-live in September 2017 and implementation of MiFID II in January 2018. Reduces prices and simplifies rates as well as billing transparency.

New York/London/Singapore/Hong Kong/Sydney, February 8, 2017 - The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its full-service institutional straight-through-processing (STP) suite of products, which automate trade lifecycle events between 3,800 investment managers, broker/dealers and custodian banks, processed close to one billion trades, for the first time, in 2016, including equities and fixed income trades as well as equity swap and repurchase agreement trades.

“As a user-owned and governed firm, DTCC takes very seriously its role in advancing solutions that help to secure and shape the future growth and development of the marketplace,” said Paula Arthus, Managing Director and Head of Omgeo and Data Services at DTCC. “DTCC’s mission is to create market efficiencies and reduce costs, and that’s precisely what we’re doing with our institutional trade processing suite of products. We aim to provide value across our networked, global community – particularly as we gear up for the transition to a T+2 settlement cycle in the U.S. and the implementation of MiFID II in Europe.”

DTCC’s institutional trade processing suite of products includes: Omgeo Central Trade Manager (‘Omgeo CTM’), DTCC’s strategic platform for the central matching of cross-border and domestic transactions; Omgeo OASYS (‘OASYS’), DTCC’s U.S. domestic trade allocation and acceptance service that communicates trade and allocation details between investment managers and broker/dealers; and Omgeo TradeSuite ID (‘TradeSuite ID’), a cornerstone of the U.S. equity and fixed-income markets, which delivers both efficiency and cost savings to firms through automated electronic trade agreement between counterparties.

“DTCC recently introduced reduced pricing for clients who use TradeSuite ID and Omgeo CTM, plus a new, simplified rate card and billing transparency tool for TradeSuite ID users – enabling clients to significantly reduce costs and improve budgeting,” said Matthew Nelson, Managing Director of Global Product and Strategy at DTCC’s Omgeo. “We’re committed to delivering solutions that address our clients’ needs and to continuing to help mitigate operational risk wherever possible.”

About DTCC

With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2015, DTCC’s subsidiaries processed securities transactions valued at more than US$1.5 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$45.4 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week. To learn more, connect with us on LinkedIn, Twitter, YouTube and Facebook.


Contacts

Adam Honeysett-Watts, DTCC

Email

ahoneysett-watts@dtcc.com

Phone

+44 (0)20 3116 2409

Hod Klein, Vested
+1 917 765 8720
hod@fullyvested.com

Harriet Leatherbarrow, Greentarget
+44 (0)20 7324 5483
harriet.leatherbarrow@greentarget.co.uk

Lisa Fong, Ryan Comm
+852 6903 3855
lisa@ryancommunication.com

Emma Cullen-Ward, OneProfile Comms
+61 2 8915 9900
emma@oneprofile.com.au

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