New York/London/Hong Kong/Singapore/Sydney, December 13, 2022 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Alternative Investment Product (AIP) service has reached a new milestone, successfully processing over 500 million transactions since its inception as service adoption continues to increase. Today, AIP has over 8,000 unique funds leveraging the automated service to
modernize trading and post-trade reporting of alternative investment products.
"DTCC is pleased to have reached this important milestone in our AIP business,” said Ann Bergin, DTCC Managing Director and General Manager, Wealth Management Services and Asset Services. “There has been remarkable growth in alternatives and AIP’s automation and standardization have provided a more efficient, scalable model supporting increased volumes. With AIP, firms can eliminate manual transactions, speed processes and lower operational risks and costs with increased transparency.”
DTCC’s AIP service is a central, standardized trading and reporting platform that links the alternative investments industry to exchange data, securely and efficiently. The service includes centralized money settlement for orders, distributions and other financial activity. AIP is strategically situated between product providers or issuers and distributors, acting as a transaction processing and trade execution channel.
Added Bergin, “AIP supports our clients as they navigate the complexities of the alternatives marketplace. DTCC looks forward to continuing to partner with our alternative investment clients, and in further enhancing the AIP service, delivering new and increased value for an evolving industry.”
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 2021, DTCC’s subsidiaries processed securities transactions valued at nearly U.S. $2.4 quadrillion. Its depository provides custody and asset servicing for securities issues from 177 countries and territories valued at U.S. $87.1 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes 16 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube, Facebook, and Instagram.