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DTCCs GTR Recognized for Innovative Approach to RegTech

By Suneel Sahi | June 15, 2018

DTCC’s GTR Recognized for Innovative Approach to RegTech

DTCC’s Global Trade Repository (GTR) was named 'Best Trade Repository for Regulatory Disclosure' at the A-Team Group's RegTech Awards 2018 ceremony in London.

The RegTech Awards celebrate leading technologies and third-party vendors and are designed to recognize both start-up and established providers of RegTech solutions, services, consultancy and legal advice.

GTR is the industry leader in trade reporting for derivatives, serving the data- and risk-management needs of more than 6,000 clients and 60 regulators across the globe through its stable, reliable infrastructure. As a user-owned and -governed trade repository, GTR upholds high standards of client service and client collaboration, partnering with clients to enhance and expand functionality in response to changing regulatory mandates.

“We’re thrilled to have received this award and grateful to all of our clients for showing their support in voting for GTR,” said Mark Steadman, Head of Product Management for DTCC's European Trade Repository who was on hand to accept the award on GTR’s behalf. “We have worked hard to provide a best-in-class trade repository to help market participants address key operational and regulatory challenges.”

Five years after its launch, DTCC’s GTR now operates in seven jurisdictions, enabling users to meet the reporting requirements for multiple jurisdictions by making a single trade submission through the GTR portal. It provides coverage of cleared and uncleared transactions in all five over-the-counter (OTC) derivatives asset classes—credit, equity, interest rate, commodity, and foreign exchange. In 2017 alone GTR tracked over 40 million open positions globally, processing over 14 billion messages annually on some 100,000 individual entities.

Also in 2017 a re-architecture initiative was implemented, designed to make GTR easier to use, enable expanded coverage to additional asset classes and for additional regulatory mandates like Securities Financing Transactions Regulation (SFTR), and to allow it to integrate other DTCC solutions in ways that enhance trade lifecycle management and processing for clients. A new GTR Global Portal, introduced in 2017 and rolling out globally throughout this year, will provide greater value for clients by combining improved data with a superior user experience portal through a simpler infrastructure.

“In the future GTR will continue to draw upon DTCC’s leadership in fintech and its portfolio of processing and data solutions across the trade lifecycle to deliver innovative, value-added services that reduce costs and increase efficiencies for clients,” Steadman said.