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DTCC opens European CICI facility

DTCC has opened a new operations facility for the CFTC Interim Compliant Identifier (CICI) portal and database in the United Kingdom. The facility, which opened in November, is adjacent to the offices of DTCC’s wholly owned subsidiary, Avox Limited, in Wales.

The opening represents a significant expansion of DTCC’s footprint in the U.K., which has grown considerably in the last year to support its ongoing involvement with the CICI database.

International Items

Through the CICI web portal, entities are assigned a unique alphanumeric code based on the new ISO 17442 legal entity identifier (LEI) standard. These identifiers help regulators and the industry quickly identify parties to over-the-counter (OTC) derivatives trades. The CICI Utility will leverage Avox’s business reference data capabilities.

Dr. Kay Swinburne, Member of the European Parliament (MEP), was the guest of honor at the opening. “We were delighted that Dr. Swinburne was able to join us for the opening,” said Mark Davies, DTCC Vice President of Data Services. “As a prominent MEP and a key member of the European Parliament’s Economic and Monetary Affairs Committee, Dr. Swinburne shares our goal of reducing risks in the financial markets.”

Global Trade Repository team expands

DTCC’s Global Trade Repository Account Management team is now in place with the appointment of three senior members to cover additional European and Far Eastern countries. The team now consists of 11 members from eight countries who, among them, speak 10 languages.

The new members are Elena Gaetini, who will cover the Mediterranean and southern Europe, and Struan Lloyd and Paul Chia, who will cover Singapore, Australia and southern Asia.

“Offering our customers a comprehensive global client service is essential to the development of our business in local markets,” said Andrew Green, DTCC Global Head of Deriv/SERV Account Management. “Our mission is to help customers comply with their regulatory reporting requirements wherever they are located.”

DTCC also opened an office in Singapore in December and launched Phase 1 of operations for its Asia-Pacific Global data center.

EuroCCP CEO named among 100 most influential women in finance

EuroCCP’s CEO Diana Chan was named one of the 100 Most Influential Women in Finance for 2012 by the Financial News (FN). This is the second consecutive year Chan has been selected for the FN 100.

Financial News canvases the market, drawing up a list of 250 women based in Europe and working in investment banking, asset management, hedge funds, private equity, wealth management, exchanges, trading or support services to these sectors. From this list, 100 women are selected. Candidates are judged on influence, leadership, performance and the capacity to shape their business.