DTCC’s Global Trade Repository (GTR) service is being enhanced to support SFTR and will be available through its Repository and Derivatives Services division
New York/London/Hong Kong/Singapore/Sydney, June 10, 2019 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced new partnerships with Catena Technologies, Compliance Solutions Strategies (CSS) and Finastra, to further support our mutual clients who will leverage DTCC’s Global Trade Repository (GTR) service in support of forthcoming Securities Financing Transactions Regulation (SFTR) obligations, which are anticipated to take effect in April 2020.
“DTCC works to advance industry-leading solutions that help secure and shape the future growth and development of the global financial marketplace,” said Marisol Collazo, Managing Director, Business Development and Head of Strategic Partnerships at DTCC. “Our Partner Program supports this mission by actively promoting collaboration with global and regional financial technology providers to help mutual clients to mitigate risk, achieve market efficiencies and reduce costs – and SFTR is, rightly so, front of mind for many right now.”
In 2018, DTCC’s Repository and Derivatives Services (RDS) division established GTR SFTR partnerships with EquiLend, Trax, IHS Markit and Pirum as well as Broadridge, FIS Global, Murex, RegTek.Solutions and SimCorp.
“DTCC strives to transform the post-trade ecosystem through strategic partnerships that drive client value while accelerating the adoption of new initiatives and best-practices across the financial services industry”, said Val Wotton, Managing Director, Product Development & Strategy of Repository and Derivatives Services at DTCC. “We are delighted to be working with Catena, CSS and Finastra, to further enhance clients' access to our multi-award-winning Global Trade Repository (GTR) service and look forward to fully supporting our mutual SFTR clients.”
Notes to Editors
With over 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, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2018, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $1.85 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $52.2 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes over 14 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.
About Catena Technologies
Catena Technologies specializes in architecture, design, and delivery of advanced technology solutions for the financial services industry. Catena’s trade reporting platform enables financial institutions to meet regulatory reporting requirements for G20 OTC derivatives reporting, MiFID II, and Securities Financing Transaction Regulation (SFTR). Catena’s Software as a Service (SaaS) platform integrates with a broad array of in-house and external data sources, automating regulatory reporting processes from start to finish.
About Compliance Solutions Strategies
CSS is a global RegTech platform delivering a set of comprehensive and highly-complementary technology-enabled regulatory solutions that serve compliance professionals across the financial services industry. The CSS platform’s solution offering encompasses regulatory reporting, regulatory data management, trade monitoring and analysis and compliance services. CSS address a full range of mandatory regulatory and compliance requirements globally and serves a client base across asset managers, alternative investment funds, investment advisors, broker-dealers, banks and insurance companies. CSS maintains a global footprint across both the United States and Europe with offices in locations including New York City, Salisbury (CT), Dublin, London, Paris, Stockholm and Amsterdam.
Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 90 of the world’s top 100 banks use Finastra technology.