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by Roland Kielman

Related Information

DTCC’s OTC Derivatives Repositories

DTCC was named the Most Innovative Solutions Provider for derivatives processing by the U.K.-based Financial-i magazine. DTCC received the award for the role it has played in strengthening the operational infrastructure of the over-the-counter (OTC) derivatives market.

Financial-i featured the winners in its Q4 2010 issue. The Leaders in Innovation Awards recognize global transaction banks and financial hardware and software vendors that demonstrate an ongoing commitment to innovation throughout 2010 and that excelled in delivering business solutions across wholesale transaction banking.

“The selection process involved research by Financial-i and input from a panel including industry analysts, consultants, practitioners and journalists who selected the 2010 winners based on their ability to offer new or enhanced, innovative solutions to common business problems,” said Anita Hawser, managing editor, Financial-i.

‘Promoting transparency’

“The panel was impressed by DTCC’s continued leadership in the area of derivatives processing, particularly in relation to the role that DTCCs’ global derivatives repositories play in the promotion of greater transparency throughout the OTC derivatives market,” said Hawser.

Other companies named on the short list for their accomplishments in derivatives processing included Markit and Calypso Technology. Markit, DTCC’s partner in its jointly-owned company MarkitSERV, is a leading global financial information and services company. Calypso Technology is a financial software and services company that provides an integrated trading, risk and processing platform for derivatives and Treasury products.

“We are honored to receive Financial-i’s award for innovation in derivatives processing and congratulate the other recipients and nominees,” said Stewart Macbeth, DTCC managing director and general manager of the Trade Information Warehouse. “This award reflects DTCC’s efforts, in collaboration with the global OTC derivatives community, to address industry and regulators’ needs for greater transparency and risk mitigation in the trading of these instruments.”

The independent panel of judges included firms such as Aite Group, Lustratus Research, Celent, Chartis Research and TowerGroup. These companies provide research, analysis and strategic advice to the global financial services industry in areas such as information technology, risk management technology, and general business and regulatory issues.

Financial-i magazine is a quarterly publication that covers the latest trends and issues in cash-management, securities services, trade and supply chain finance, and the business solutions and market infrastructures that support the global transaction banking industry. Financial-i’s readers include more than 10,000 senior executives within global transaction banks, corporate treasurers, money and investment managers, financial software vendors and market infrastructure providers. @