Dec 22, 2017
Media Alert: DTCC Comments on Senate Confirmation of SEC Commissioners Peirce and Jackson
New York, NY – December 22, 2017 – The Depository Trust & Clearing Corporation (DTCC) today issued the following statement in response to Senate confirmation of the new U.S. Securities and Exchange Commission (SEC) Commissioners.
"DTCC applauds Senate confirmation of Hester Peirce and Robert Jackson to serve as SEC Commissioners. We look forward to working with them, as well as with Commissioners Piwowar and Stein, Chairman Clayton and all of their staff to bring greater risk mitigation, operational efficiency and transparency to the securities industry. DTCC, which operates three designated systemically important financial market utilities, recognizes its critical role in protecting capital markets from risk while also providing solutions to support its continued growth."
With more than 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 processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and 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 2016, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $1.5 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at U.S. $49.2 trillion. DTCC’s Global Trade Repository maintains approximately 40 million open OTC positions per week and processes over one billion messages per month. To learn more, visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.