DTCC’s Institutional Trade Processing (ITP) services was honored with the Post Trade Solution of the Year achievement at the Asia Capital Markets Awards 2023.
Featuring an extensive list of award categories, including Bank, Buyside, Exchange & Clearing House, Index Provider, Service Provider, Technology, and Individual sectors, the Asia Capital Markets Awards recognize the best and brightest innovations in the Asian industry.
DTCC’s ITP currently enables 6,000+ clients across 52 markets around the world to instantly access counterparties in established markets as well as growth markets driving best practices, promoting effective communications, and accelerating their post-trade processes.
Joseph Capablanca, DTCC Head of Relationship and Account Management in Asia Pacific, said, “It is an honor to represent the ITP team to accept this award. This industry acknowledgment speaks volumes of the commitment and contribution of the ITP team – to develop solutions that provide value to the industry. Together with my team, we look forward to more good years of supporting the ITP business.”
Joseph Capablanca (center) with the Post-Trade Solution of the Year Award, flanked by Alberto Lorbada (left) and Paul Marchant (right).
Commenting on the latest win, Val Wotton, DTCC Managing Director and General Manager, ITP, said, “We are delighted to be acknowledged for our efforts in facilitating straight-through processing of institutional trades and connecting our global client community to an open and integrated ecosystem that services the full post-trade lifecycle. As regulatory compliance is a top concern for firms across the post-trade space, we will continue to work with the industry and our clients to address their various challenges, including T+1 readiness for settling U.S. trades when the new mandate is implemented in May 2024.”
He added, “This industry recognition is made possible by the incredible team behind ITP – their energy, dedication, and effort to continually innovate with services to help our clients reduce costs, mitigate operational risk, and maximize existing investments did not go unnoticed. We will continue to move ahead full throttle to serve the needs of our clients.”