December 29, 2006 National Day of Mourning for President Ford DTCC announced today that, while certain securities markets in the United States may close or conduct limited activity on Tuesday, January 2, in observance of the National Day of Mourning in honor of former President Gerald R. Ford, DTCC's subsidiaries will remain open in order to clear and settle securities trades from earlier market activity and to conduct all other normal business activities.
December 12, 2006 DTCC Deriv/SERV Expands Processing Pipeline for OTC Derivatives DTCC continues to expand its powerful automated post-trade processing platform for OTC derivatives, with a range of new equity derivatives products early in 2007. New global products will include: Asia ex-Japan (AEJ) share and index options, AEJ share and index swaps, AEJ share and index variance swaps, and Japanese index variance swaps.
November 29, 2006 Cost-Basis Tax Reporting Gets Easier: DTCC and Networth Join to Offer New Tools DTCC and NetWorth Services, Inc. have formed a strategic alliance to offer a new service that provides security issuers, transfer agents, broker/dealers, mutual fund companies and other financial services professionals with cost-basis information quickly, accurately and efficiently, solving a problem that has plagued the industry and its investors for years.
October 26, 2006 New Report Says OTC Equity Derivatives Poses Risk Without Greater Automation Rapid growth in the global over-the-counter (OTC) equity derivatives market is being constrained by absence of adequate infrastructure and automation, according to a report released today by the Aite Group, an independent research and advisory firm focused on the impact of technology and regulation on the financial industry.
October 24, 2006 New CEO Named for Omgeo Global Joint Venture Marianne C. Brown was announced today as the new President and Chief Executive Officer of Omgeo, global provider of automated post-trade pre-settlement trade management services, jointly owned by The Depository Trust & Clearing Corporation (DTCC) and Thomson Financial, a unit of The Thomson Corporation. The appointment will be effective November 1, 2006.
October 09, 2006 DTCC Deriv/SERV Connection Now Available on SWIFTNet DTCC today announced that a connection to its Deriv/SERV over-the-counter (OTC) derivatives matching and confirmation service is now available on SWIFTNet, SWIFT's Internet Protocol (IP) messaging platform. The link between the two services allows customers on the SWIFTNet platform to deliver real-time, transaction data to DTCC Deriv/SERV for matching and confirmation without having to create a separate, direct computer-to-computer connection to DTCC.
The two largest pan-European cash equities clearing houses, EMCF and EuroCCP, announced plans to combine their strengths and capabilities by forming a new entity that will deliver greater efficiencies and sustainable competition to the pan-European market place.