DTCC's Universal Trade Capture (UTC) delivers risk reduction, cost savings and standardization by streamlining the way U.S. equity trade data is captured and distributed during the clearance process. Launched in early 2011, UTC provides customers with the ability to unify the processing of trades executed in the various market venues, which helps strengthen their internal risk management processes and increase overall market efficiency.
UTC offers standardized message-based output as a FIX standard message using MQ or via FIX (Financial Information eXchange), the new universal input engine. UTC is able to accept, process and provide output in both the new format as well as in the legacy formats used by NSCC members and marketplaces. To support maximum flexibility in allowing firms to convert to FIX, users have the option to migrate to the new universal format on their own schedule.