New DTCC data platform will offer new insights into notional outstanding, net notional and trading volume metrics along with enhanced analytics capabilities
New York/London/Hong Kong/Singapore/Sydney, August 4, 2021 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced the launch of an enhanced DTCC CDS Kinetics platform to support growing demand for more transparency into the credit default swaps (CDS) market within the over-the-counter derivatives space.
DTCC CDS Kinetics provides position data on credit default swaps sourced from DTCC’s Trade Information Warehouse (TIW), offering notional outstanding, net notional, and trading volume metrics on securities including single-name, index, and index tranche. TIW is a centralized infrastructure for reporting and asset servicing on approximately 98% of all credit derivative transactions outstanding worldwide.
Recognizing that credit default swaps are a critical data source for understanding market risk, the DTCC CDS Kinetics service has been enhanced to support increased analysis and understanding of the CDS market. The service, which previously featured point-in-time snapshots of credit default swaps data, has been upgraded to provide over 10 years of historical and time-series data, a new user interface with graphical representations, and the ability to search for CDS instruments by a range of attributes including underlying reference entity, market sector, market type, and geographical region.
“The new DTCC CDS Kinetics platform provides unparalleled transparency into the credit default swaps market, offering unique insights on credit risk that will not only inform trading strategies, but will also help banks better prepare for potential market dislocations,” said Tim Lind, Managing Director of DTCC Data Services. “Now more than ever, it’s critical for firms to begin drawing upon more robust and higher-quality data sources to heighten their risk preparedness and response, as well as their overall business resilience.”
The DTCC CDS Kinetics platform will also be made available in DTCC’s API Marketplace, as part of a planned future platform update. The API “App Store” allows direct programmatic access to DTCC processing functionality and includes comprehensive documentation and training materials to help developers use the APIs.
Added Lind, “We worked closely with clients to develop the new API capability, which will allow users to leverage DTCC’s technology to suit their own business needs.”
About DTCC Data Services
DTCC Data Services offerings provide referential and activity-based data provisioning that delivers fixed and configurable data solutions sourced from DTCC’s transaction, reference, position and asset servicing data covering all major asset classes. As the largest depository in the world and the primary infrastructure in the U.S. for clearing, settlement and asset servicing, DTCC is a leading service provider to the financial markets and a trusted primary source for post-trade data. As part of DTCC Data Services, DTCC Kinetics offerings provide insights into movements and trends across select market segments and asset classes.
With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 21 locations around the world, 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 2020, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.3 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $73.5 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes 15 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.