Equities by the Numbers
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Equities by the Numbers

As of April 2026


The DTCC Equities Businesses—Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC), and Institutional Trade Processing (ITP)—deliver operational efficiencies and accelerate post trade processing across global equities markets, reducing risk and cost while ensuring safety and resiliency. These Equities metrics show how effectively DTCC users process, affirm, confirm, and settle trades to optimize performance and reduce risk. For firm level insights, visit ITP Data Analytics and the upcoming Securities Data Experiences in Q2 2026.

April Transaction Daily Averages (vs. FY 2025 Daily Avg.)

3.02M ↑ ( 111.65K)
TradeSuite ID Confirms
2.55M ↑ ( 109.16K)
CTM Allocations
354.61M ↑ ( 49.18M)
NSCC Vol. (UTC)
2.08M ↑ ( 55.80K)
DTC Settlement

DTCC monitors trade processing across volume, timing, and accuracy to ensure activity flows efficiently from execution through settlement within DTCC services. Affirmation, netting and fails rates detail how DTCC's services enable the industry to manage operational performance, strengthen automation, reduce settlement failures, and maintain post-trade infrastructure confidence and resiliency. Through periods of market growth and industry shifts, clients have been able to rely on DTCC Equities services for high netting, low fails and improved affirmation rates, which supports processing efficiency and savings across the industry.

Industry-Wide Affirmation Rate
(9 PM on T)

Pre-U.S. T+1[1]
88.39%
Apr. 2026
94.80%

Netting Rates

Pre-U.S. T+1
98.55%
Apr. 2026
98.65%

Fail Rates

NSCC
Pre-U.S. T+1
2.00%
Apr. 2026
2.14%
DTC
Pre-U.S. T+1
2.83%
Apr. 2026
3.01%

Industry Affirmation Rate Details

Prime Broker Affirms NSCC Auto-Affirmation DTC Custodian Affirms Only DTC Custodians or IM Affirms DTC
% Total Eligible Vol.[2] 60% 11% 10% 19%
Affirm Rate – 9 PM 98% 97% 80% 87%
Affirm Rate – 12 AM 99% 97% 91% 89%

Same Day Match Agreed Rates
per Region (vs. Last Month)

Market participants' ability to agree – or “match” – transaction and execution details on the same day is a crucial indicator of post-trade efficiencies required to achieve T+1 settlement. As markets globally move to T+1, same-day match rates have increased and rates on CTM® – our central matching platform – show our global client base is already T+1 ready. These statistics demonstrate the value of leveraging automated central matching solutions. Learn more about how DTCC can help you get T+1 ready.

Americas
40.03M ↓ ( 5.77M)
Trade Vol.
98.39% ↓ ( 0.44%)
Rate
EMEA
4.92M ↓ ( 900.17K)
Trade Vol.
97.27% ↓ ( 0.15%)
Rate
APAC
5.99M ↓ ( 727.47K)
Trade Vol.
99.04% ↑ ( 0.35%)
Rate

PSET Submission

Americas
96.76%
EMEA
97.77%
APAC
92.66%

ALERT® is the industry's largest Standard Settlement Instructions (SSI) database. Source data providers are managing an increasing proportion of SSIs in ALERT®, ensuring accuracy and streamlining trade processing, helping to reduce trade failure. ALERT® includes SSIs for multiple asset classes and global markets. The population of Place of Settlement (PSET) is an important enabler of T+1 settlement as incorrect or mismatched PSETs are a cause of trade failure. CTM® supports PSET population including direct enrichment using data from ALERT®.

ALERT SSIs
(vs. FY 2025)

17.60M
↑ (893.59K)
% of SSIs Managed by
Source Data Providers
58.87%
FX/Cash SSIs
2.87M

ALERT® Enrichment of CTM® (IM Allocations)

Americas
91.25%
EMEA
82.14%
APAC
80.84%

[1] Pre-U.S. T+1 is defined as May 2024

[2] Eligible volume refers to trades eligible to settle at DTC

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