DTCC Receives Inaugural “NOVA Award” for Innovation

DTCC has been honored, alongside other financial industry organizations, with an inaugural TabbFORUM NOVA Award. The award highlights the financial industry’s ongoing commitment to technology-driven innovation by recognizing 40 organizations for their outstanding recent and sustained achievements. These selections, from across the capital markets, are the result of TabbFORUM research, with consideration given to nominations and recommendations solicited from the community. It considers the role of innovation on internal performance, industry impact and leadership.

TabbFORUM shared what attributes and accomplishments led to DTCC’s recognition as a financial market innovator:

• Financial market infrastructures don’t get more critical than that of DTCC, a key contributor to global, post-trade risk management and resilience whose subsidiaries process more than $2 quadrillion annually in securities transactions while providing custody and asset servicing on issues valued at $87 trillion. No news is good news as long as those operations perform flawlessly, and DTCC has succeeded on that score for more than 45 years.

Read the TabbFORUM NOVA Awards announcement.