The Depository Trust & Clearing Corporation (DTCC) has expanded its daily processing capacity for its equities clearing corporation subsidiary, to 280 million transactions, several multiples of the highest volume ever experienced.
This 77 percent increase in capacity (from 160 million transactions) underscores DTCC’s commitment to handle unpredictable spikes in trading volume due to market expansion or volatility-and safeguarding the safety and soundness of financial markets.
“Global confidence in the strength and safety of U.S capital markets rests in part on the reliability and adaptability of DTCC’s processing systems,” says William B. Aimetti, DTCC’s chief operating officer.
During the first half of 2007, NSCC volume averaged 51 million transactions each day, compared to the peak day in 2006 of 50 million transactions.