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2012 Press Releases
May 22, 2012SECURITIES INDUSTRY EXAMINES FASTER PAYMENT
FOR STOCK AND BOND TRADES
New York, May 22, 2011 – The Depository Trust & Clearing Corporation (DTCC), with the guidance of the Securities Industry and Financial Markets Association (SIFMA), has awarded a research contract to The Boston Consulting Group (BCG) to undertake a business case study of the impacts of shortening the trade settlement cycle in the U.S. financial markets for equities, corporate and municipal bonds and unit investment trust (UIT) trades.
May 18, 2012Three Financial Industry Leaders Elected to DTCC’s Board of DirectorsNew York, May 18, 2012 – The Depository Trust & Clearing Corporation (DTCC) today announced the election of three renowned and well respected leaders in financial services to its Board of Directors. The three new Board members are Darryll Hendricks, Head of Strategy and Regulatory Reform for UBS Investment Bank; Cynthia Meyn, Executive Vice President and Senior Operations Manager for PIMCO; and Brian T. Shea, Chief Executive Officer of Pershing LLC.
May 07, 2012DTCC Opens Information Technology Service Delivery Centre
In Chennai, IndiaChennai, India and New York, USA, May X – The Depository Trust & Clearing Corporation (DTCC) announced today that it is expanding its India business centre in Chennai, India’s "tech centre," into a technology infrastructure support and development office to help bolster its core, global, round-the-clock transaction processing, funds delivery and data storage businesses.
May 03, 2012DTCC BEGINS USER TESTING
ON FOREIGN EXCHANGE REPOSITORY
London, 3 May 2012 – The Depository Trust & Clearing Corporation (DTCC) began user testing of its new Global Trade Repository service for Foreign Exchange on May 1 and is planning full production by the fourth quarter, including regulatory and public reporting. The repository is the last of five planned global repositories for OTC derivatives being developed and operated by DTCC.
May 02, 2012DTCC TO BEGIN PUBLISHING
PUBLIC DATA ON INTEREST RATES DERIVATIVES
New York and London, 2 May 2012 – The Depository Trust & Clearing Corporation (DTCC) announced today that it had begun publishing public information on over-the-counter (OTC) interest rates trades. The data were first posted yesterday at 5 p.m. (2200 GMT).
April 30, 2012New Central Counterparty for Mortgage-Backed Securities
Brings Significant Cuts in Trading Costs
New York, April 30 – The Depository Trust & Clearing Corporation (DTCC) reported today that in the first settlement cycle run by its new central counterparty for mortgage-backed securities (MBS), which began operation April 2, it was able to achieve a 70% reduction in the mortgage securities pools and payments involved in settling the trades, and consequently a sharp reduction in the costs and operational risks in this market.
April 23, 2012DTCC BOARD OF DIRECTORS ELECTS MICHAEL C. BODSON PRESIDENT AND CEONew York, April 23, 2012 – The Depository Trust & Clearing Corporation (DTCC) today announced that its Board of Directors has elected Michael C. Bodson, currently Chief Operating Officer, as President and Chief Executive Officer of the company, effective July 1. Bodson succeeds Donald F. Donahue who will retire at the end of July. Bodson was elected by DTCC’s Board at its meeting last week.
April 19, 2012DTCC, EFETNET LAUNCH GLOBAL TRADE
REPOSITORY FOR COMMODITIES DERIVATIVES
New York and Amsterdam, 19 April 2012 – EFETnet B.V. and The Depository Trust & Clearing Corporation (DTCC) announced today that, following their successful pilot program launched in January as the first global repository for OTC commodity swaps, they have begun accepting trade submissions from commodity market participants into the new Global Trade Repository for Commodities (GTRfC).
