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 Matching (US) LLC, 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
Legal and Regulatory Status of DTCC ITP Entities
DTCC ITP LLC
DTCC ITP LLC is the contracting entity in the United States for DTCC ITP's Services. DTCC ITP LLC is a Delaware limited liability company and is governed by a Board of Managers which includes representatives of DTCC Management and representatives of the global securities industry.
| DTCC ITP LLC Board of Managers |
Joanne Brower
Managing Director,
Markets Operations,
Shared Services
Barclays |
Brian Steele
President, Clearing & Securities Services
DTCC |
Lynn Reen
Managing Director, Financial Planning & Analysis
DTCC |
Valentino Wotton
Managing Director and General Manager, DTCC Institutional Trade Processing
DTCC |
Tom Damico
Managing Director, Head of Global Equities Operations and Regulatory Reporting
JP Morgan |
Daniel Parsell
Managing Director, ISG Product Operations
Morgan Stanley |
James Kearney
Principal, Head of Global Investment Operations
Vanguard |
Kevin Blair
Senior Vice President, Practice Executive, Industry & Delivery
Northern Trust |
DTCC's Institutional Trade Processing Services
Access Products
DTCC ITP Matching (US) LLC
DTCC ITP LLC’s wholly-owned subsidiary, DTCC ITP Matching (US) LLC (“DTCC ITP Matching”), holds an exemption from registration as a clearing agency in the United States pursuant subject to the conditions set forth in SEC Release No. 34-44188; File No. 600-32; 66 FR 20494 (April 17, 2001) (the “Exemptive Order”), which provides an exemption for DTCC ITP Matching to provide central trade matching and electronic trade confirmation services subject to the conditions in the Exemptive Order. This Exemptive Order requires DTCC ITP Matching to preserve copies of various details, including any complaint received from an end-user customer, pertaining to the operation of the CTM and TradeSuite ID services. In the United States, Services are contracted for by DTCC ITP LLC.
Regulation of DTCC ITP Matching (Canada) Limited in Canada
Institutional Trade Processing services (ITP) for the Canada region are provided by one or more of DTCC ITP Matching (Canada) Limited, a corporation with registered office at 199 Bay Street, Suite 4000, Toronto, ON, M5L 1A9, Canada, and DTCC Canada Ltd, a corporation with registered office at 199 Bay Street, Suite 4000, Toronto, ON, M5L 1A9, Canada, is a separate legal entity, subject to the laws and regulations of the particular country or countries in which such entity operates. DTCC ITP Matching (Canada) Limited is subject regulated by the Ontario Securities Commission and the Autorité des marchés financiers in Quebec, Canada.
Regulation of DTCC ITP (UK) Limited in the United Kingdom
DTCC (UK) Limited has been authorized by the Financial Conduct Authority (FCA) to carry out regulated activities in the UK as a Service Company. DTCC's CTM is a regulated service in the UK.
The services described above are provided under the “DTCC” brand name by certain affiliates of The Depository Trust & Clearing Corporation (“DTCC”). DTCC itself does not provide such services. © 2022 DTCC. All rights reserved. DTCC, DTCC (Stylized), ADVANCING FINANCIAL MARKETS. TOGETHER, and the Interlocker graphic are registered and unregistered trademarks of The Depository Trust & Clearing Corporation.
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 [email protected].