DTCC’s STP offering hits nearly one billion trades

DTCC’s straight through processing suits of products nearly hit one billion trades conducted in 2016.
By Paul Walsh
The Depository Trust & Clearing Corporation (DTCC) has said that its full-service institutional straight-through-processing (STP) suite of products processed close to one billion trades for the first time in 2016.

The suite of products automates trade lifecycle events between 3,800 investment managers, broker dealers and custodian banks.

The one billion figure includes equities and fixed income trades as well as equity swap and repurchase agreement trades.

“As a user-owned and governed firm, DTCC takes very seriously its role in advancing solutions that help to secure and shape the future growth and development of the marketplace,” said Paula Arthus, managing director and head of Omgeo and data services at DTCC.

“We aim to provide value across our networked, global community particularly as we gear up for the transition to a T+2 settlement cycle in the US and the implementation of MiFID II in Europe,” said Arthus.

DTCC’s institutional trade processing suite of products includes currently targets three specific areas including the central matching of cross-border and domestic transactions using Omgeo CTM, domestic trade allocation using OASYS and TradeSuite ID that provides electronic trade agreement between counterparties.