DTCC Connection

Mar 01, 2010 • DTCC Connection

FICC Begins Publishing Daily Treasury 'Fails' Data

At the request of the Treasury Market Practices Group (TMPG), an industry committee sponsored by the Federal Reserve Bank of New York, Fixed Income Clearing Corporation (FICC) now publishes fails data for all Treasury securities trades submitted to FICC for settlement.


The move was made in an effort to bring greater transparency to the trading of U.S. Treasury securities. Fails result when either sellers fail to deliver or buyers fail to receive securities in time to settle a trade.


According to Thomas Wipf, managing director, Morgan Stanley, and chair of the TMPG, “FICC’s publication of aggregate settlement fails data represents an important improvement in Treasury market transparency. We thank FICC for this effort and believe these data will enhance the public’s insight into the health and functioning of the Treasury market.”


The fails data can be viewed in daily, weekly, monthly or annual formats. Click here to be taken to Treasury Fails Data on DTCC.com. @


dtccdotcom