Aug 29, 2018
• Press Releases
DTCC Comments on Senate Confirmation of CFTC Commissioners Berkovitz and Stump
New York, NY – August 29, 2018 – The Depository Trust & Clearing Corporation (DTCC) today issued the following statement in response to Senate confirmation of new U.S. Commodity Futures Trading Commission (CFTC) appointments.
Larry Thompson: "DTCC congratulates Daniel Berkovitz and Dawn DeBerry Stump on their recent appointments as CFTC Commissioners. Both bring a wealth of financial services experience, and we look forward to working with them, along with Chairman Giancarlo and each of the CFTC Commissioners, to continue to increase the safety of the financial markets."
With 45 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 financial markets. In 2017, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $1.61 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at U.S. $57.4 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, please visit us at http://www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.