About DTCC INSTITUTIONAL TRADE PROCESSING
DTCC Institutional Trade Processing (DTCC ITP) is a business unit of The Depository Trust & Clearing Corporation (DTCC). DTCC ITP is the operations expert, automating post-trade life cycle events between 6,000 financial services firms in 52 countries. We enable clients to accelerate the clearing and settlement of trades, seamlessly connect and interoperate with their counterparties, and respond to changing market and regulatory conditions.
DTCC ITP operates through the following legal entities, providing services to clients around the globe:
- US: DTCC ITP LLC
- Singapore: DTCC Singapore Pte. Ltd.
- Canada: DTCC ITP Matching (Canada) Limited, DTCC Canada Ltd
- Japan: DTCC Japan K.K.
- Hong Kong: : DTCC Hong Kong Limited
- UK: DTCC ITP (UK) Limited
- Australia: DTCC Australia Pty Ltd
We are governed by our community. DTCC ITP has always looked to its board of managers, representing market participants worldwide, to help guide our strategic business decisions. This governance has ensured that DTCC ITP has been responsive, innovative and delivered value throughout its history. Critical to our day-to-day and long-term strategies is our executive team. Each team member represents a specific function, managing the associates that contribute to achieving our goals and objectives. Every executive team member contributes to the overall strategy, taking client priorities on board as they help prioritize DTCC ITP’s approach.
Combining strong internal resources with external expertise, DTCC ITP’s leadership team is made up of an experienced and diverse group of individuals strategically dispersed across the major markets in which we operate around the globe.
|DTCC ITP Global Board of Managers
Managing Director and Head of DTCC Solutions
Managing Director, Head of Institutional Trade Processing
Managing Director, Global Head of Investment Management Division Operations
Goldman Sachs Asset Management
Managing Director, Head of Global Securities Operations and Global Network Management
Managing Director, Global Head of Securities Operations
|Kyla J. LaPierre
Executive Vice President, Global Delivery
Managing Director, ISG Product Operations
Senior Vice President, Global Head, Securities Services
Senior Vice President of Investment Operations and Global Trade Services
Franklin Templeton Investments
|* 2020 Chair (if applicable)
DTCC's Institutional Trade Processing Services
Legal and Regulatory Compliance
Regulation of DTCC ITP in the United States
Several DTCC Institutional Trade Processing services are subject to regulation by the U.S. Securities and Exchange Commission (“SEC”). DTCC ITP's TradeSuite ID and TradeMatch, which are U.S.—based electronic trade confirmation and central matching services, are subject to SEC regulation and is a service of DTCC ITP Matching (US) LLC . CTM, which is a central matching service, is subject to SEC regulation when the service is used for trades in which either the broker-dealer or its institutional customer is a U.S. entity and the securities in the trade are issued by a U.S. issuer and is a service of DTCC ITP Matching (US) LLC. The SEC regulation of DTCC ITP Matching (US) LLC is set out in an SEC order granting an exemption from registration as a clearing agency. The order is contained in SEC Release No. 34-44188; File No. 600-32; 66 FR 20494 (April 17, 2001).
Regulation of DTCC ITP Matching (Canada) Limited in Canada
DTCC ITP Matching (Canada) Limited has been granted status as a Matching Utility by the Ontario Securities Commission under NI24-101. DTCC ITP Matching (Canada) Limited has been authorized by the Ontario Securities Commission to offer its matching service, DTCC's CTM to its Canadian clients.
Regulation of DTCC ITP (UK) Limited in the United Kingdom
DTCC (UK) Limited has been authorised by the Financial Conduct Authority (FCA) to carry out regulated activities in the UK as a Service Company. DTCC's CTM and ALERT systems are regulated services in the UK.
SSAE 18 Audit of Control Environment
On an annual basis, DTCC engages an independent third-party auditor to examine and report on the suitability of the design and operating effectiveness of controls for the most widely used DTCC Institutional Trade Processing solutions. The auditor prepares a Service Organization Control (SOC) 1 Type 2 report in accordance with Statement on Standards for Attestation Engagements (SSAE) No. 18, which was published by the American Institute of Certified Public Accountants (AICPA) and supersedes the SSAE-16 standard for performing an examination of controls and processes. The SOC 1 report addresses controls in various areas, including data accuracy, security and processing timeliness. The report also contains a description of the control environment, including systems and processes, as well as management's assertion about the design and operating effectiveness of this control environment. Please direct SSAE 18 inquiries to your Relationship Manager, a Sales Associate or by contacting DTCC’s Client Contact Center.
If you have any questions, please contact DTCC’s Compliance Department at firstname.lastname@example.org.