Issues and Initiatives

New York, NY - May 2, 2017 - The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to Senate confirmation of Jay Clayton to serve as Chairman of the U.S. Securities and Exchange Commission (SEC):

“DTCC applauds Senate confirmation of Jay Clayton to serve as SEC Chairman. DTCC will continue to work alongside the SEC in order to increase transparency and reduce risk across the financial markets. We appreciate the ongoing dedication of Commissioner Piwowar, Commissioner Stein and SEC staff, and look forward to working with Chairman Clayton.”

About DTCC

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.