DTCC’s Global Trade Repository service (GTR) was named ‘Trade Repository of the Year’ at the FOW International Awards 2022 ceremony in London, recognizing the best and brightest innovations in the derivatives industry. This is GTR’s eighth year taking home the honor.
This year’s judges cited GTR’s “status of market leader for many years,” its role as the only industry-owned and governed provider of trade reporting services, and track record of “ensuring the [regulatory reporting] requirements of the participants are captured” as reasons for the win.
From left to right: Magdalena Dingle, Syed Fakheruddin, Anna Lenkiewicz, James Langlois, Rachana Singh, Sam North, Lavinia Ponniah, Gary Gammer, Grant Swift, Syed Ali
The GTR team passes around the winners’ trophy.
Earlier this year, DTCC’s GTR celebrated 10 years of service to the derivatives markets, making this year’s one a particularly meaningful one. Val Wotton, DTCC Managing Director of Product Development and Strategy, Repository & Derivatives Services (RDS) shared “a massive thank you to all of our clients who have been on this journey with us over the last 10 years, and for whom we are now laser focused on successfully delivering the global trade reporting refits and rewrites.”
“We are honored and humbled to recognized by the industry as ‘Trade Repository of the Year’ added Chris Childs, DTCC Managing Director, Head of RDS, and Chief Executive Officer & President, DTCC Deriv/SERV LLC. “This win demonstrates the value GTR brings to our clients and our ongoing commitment to providing world class trade reporting solutions.”
The Evolution of GTR
GTR helps our clients address some of their most important operational and regulatory challenges in an ever-evolving environment with continued focus on global data harmonization advocacy and technological innovation.
Much has changed since trade reporting rules were first introduced over a decade ago. Since inception, GTR has expanded to provide for the reporting of derivatives and securities financing transactions to five locally registered and authorized trade repositories supporting 24 regimes/jurisdictions. In 2021, GTR processed nearly 18 billion messages, reporting to over 35 regulators in more than 60 countries.
To learn more about the evolution of GTR, visit dtcc.com/GTR10.