New York/London/Hong Kong/Singapore, 30 June 2015 – The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of a new centralized data provisioning service, DTCC Data Products. This launch will include the expansion of DTCC’s Exchange Traded Funds (ETF) and Corporate Actions ISO 20022 data product offerings.
DTCC Data Products was created in response to growing client demand for more centralized on-demand DTCC data provisioning. The service aims to provide data that helps firms meet increasing regulatory demands, reduce risks, increase operational efficiencies, gain access to better market insight, lower operational costs, and bring greater transparency to their business operations. As envisioned, DTCC Data Products will directly source cross-asset-class data captured across DTCC’s clearing, settlement, asset services and trade reporting engines, centralize it, and enable dynamic data provisioning, allowing users to access DTCC information in smarter and faster ways. DTCC offers “gold copy” data covering the approximately US$1.6 quadrillion in securities transactions it processes each year.
“DTCC has a unique vantage point as an industry-governed post-trade clearing, settlement and asset services infrastructure in the U.S. that enables us to directly source reliable, enriched and unique data,” stated Ron Jordan, Chief Data Officer at DTCC. “Clients are showing increasing interest in obtaining better access to certain DTCC information for analysis, risk, and operational purposes. By centralizing data provisioning and providing a single point of access for clients, the service will help clients at every stage in the trade lifecycle.”
The consolidation of DTCC data products and data provisioning is the first phase in the introduction of the DTCC Data Products service. Later this year, a “Data as a Service (DaaS)” capability will further transform the way data is provisioned from fixed and custom feed delivery to on-demand data access; DTCC will offer dynamic data access to select clearing, settlement and asset services information.
Exchange Traded Funds (ETF) composition and historical data are now available from the new centralized service. With the ETF offering, clients have customizable access to ETF composition and historical data, enabling users to achieve better insights into ETF portfolios and how they change over time. DTCC also launched its Corporate Actions offering in ISO 20022 format for non-participant firms. Now, any firm can view the universe of DTC corporate action events, enabling them to better manage their risk and ensure operational efficiency.
A newly launched DTCC data portal, www.dtccdata.com, provides information on the first sets of data that will be provisioned and accessed via the portal later this year.
“The consolidation of data feeds and services is a critical first step in providing clients with easier access to certain DTCC information,” added Mr. Jordan. “We look forward to working closely with our community as the Data Products offering continues to evolve.”
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Notes to Editor
A number of DTCC services will provide the underlying data for this service offering, including:
- The Depository Trust Company - DTC (asset services, corporate actions)
- The Fixed Income Clearing Corporation - FICC (fixed income)
- Global Trade Repository - GTR (derivatives)
- The National Securities Clearing Corporation - NSCC (equities)
With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. User owned and industry governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2014, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$64 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week. To learn more, please visit www.dtcc.com or follow us on Twitter @The_DTCC.
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