DTCC Transformation

Elevating Performance. Empowering Possibilities.

Financial markets are evolving rapidly, creating new demands for greater efficiency, transparency and flexibility across the post-trade ecosystem. Developed to support evolving industry needs, DTCC Transformation is a multi-year program spanning DTCC's post-trade services, encompassing enhancements and new capabilities designed to help firms unlock more value from the resilient services they rely on every day while creating a scalable, adaptable foundation for future market opportunities.

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Key Features & Benefits

Strengthening Market Resilience

Modernizing critical post-trade infrastructure to build on the resilience of today's markets, reinforcing stability, reliability and confidence in the financial system.

Advancing Transparency & Insight

Expanding access to data, analytics and operational visibility to help firms better understand activity, identify trends and make more informed decisions.

Simplifying the Post-Trade Experience

Standardizing processes, reducing complexity and creating more streamlined interactions across DTCC's post-trade services to improve efficiency and simplify operations.

Unlocking Capital & Liquidity Efficiency

Enhancing post-trade processing and settlement capabilities to support more efficient use of capital and liquidity, helping firms optimize resources and maximize business value.

Accelerating Industry Adaptability

Building the flexibility needed to respond more effectively to evolving market structures, regulatory requirements and industry events while minimizing disruption as markets continue to evolve.

Enabling Future Growth & Innovation

Creating a scalable foundation that supports new capabilities, broader market opportunities and the continued evolution of the post-trade ecosystem.

Navigate the Changes Ahead

Join the Conversation

DTCC Transformation Integration Series: Testing Part 2 PSE-A Environment

Oct 7, 2026Virtual

Closed to Media

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STA's 93rd Annual Market Structure Conference

Oct 14, 2026 - Oct 16, 2026Washington, DC

DTCC to Speak

Tom Sullivan, Managing Director, Head of Digital Assets Solutions (DAS), DTCC

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Explore Our Initiatives

Equities Settlement

Changes in Settlement include several enhancements and simplifications, such as settlement of partial delivery orders, expanded data fields on member messages, implementation of standard ISO 20022 messaging, and simplified member profiles and workflows designed to drive greater efficiency, transparency and transaction throughput.

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Equities Clearing

Clearing modernization includes innovations such as enhancing the Universal Trade Capture (UTC) service by extending trading hours, reducing the settlement cycle for ACATS by a full business day, and improving the clearing process and capital efficiency for ETFs that include options components managed between NSCC and the Options Clearing Corporation (OCC). These changes will support a dynamic and resilient trading environment, maximize liquidity, and reduce counterparty risk.

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Asset Services

Asset Services modernization includes enhancements that digitize and simplify securities processing, including expanded Direct Registration System (DRS) functionality, centralized billing capabilities, automated transaction processing, and modernized connectivity through API and MQ interfaces. These changes will help reduce manual processing, improve operational efficiency, enhance data exchange, and deliver a more resilient and scalable servicing experience for clients.

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Trade Processing Solutions

TradeSuite ID® modernization advances DTCC's transformation efforts by migrating Confirm/Affirm processing from legacy mainframe infrastructure to a modern, cloud-based platform. The enhanced solution will improve operational efficiency, transparency and client connectivity through updated messaging standards, streamlined integrations and greater visibility into trade and settlement status.

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Equities Settlement

Changes in Settlement include several enhancements and simplifications, such as settlement of partial delivery orders, expanded data fields on member messages, implementation of standard ISO 20022 messaging, and simplified member profiles and workflows designed to drive greater efficiency, transparency and transaction throughput.

View Roadmap View Resources

Milestones in Motion

Click the plus signs below to learn about the initiatives and milestones that will guide each phase of our transformation journey.

Industry Perspectives

In parallel, DTCC continues to deliver its Settlement Transformation programme, including ISO 20022 messaging, the Settlement Transaction Manager (STM), Automated Partial Settlement, MRF and Settlement Profile Simplification and Standardisation initiatives – all of which contribute to a more automated and efficient settlement environment.

Deutsche Bank Regulatory Outlook in Securities Services 2026 White Paper