DTCC’s Deriv/SERV Trade Information Warehouse was has been recognised as the “Technology Platform of the Year” by Risk magazine. DTCC says that the warehouse is a centralised global infrastructure for the post-trade processing of over-the-counter (OTC) derivatives launched by The Depository Trust & Clearing Corporation (DTCC) in November 2006.
Risk magazine’s Annual Awards recognise best practice and innovation in the derivatives and risk management industries globally. An expert panel at Risk decided the winners over a three-month judging process, which included a lengthy due diligence process, including customer references and an in-depth look at each platform.
“The Deriv/SERV Warehouse is a critical part of how DTCC is bringing automation to the OTC derivatives community, and our progress to date has been achieved through collaboration with customers and market participants globally,” says Robert J. McGrail, an executive managing director of Domestic and International Core Services at DTCC. “We are grateful that Risk magazine has honoured us with this award.”