DTCC-Euroclear Global Collateral partners with NEX to improve OTC derivatives margin call processes following changes in its senior leadership roles.
DTCC aims to bring new players into providing collateral and liquidity to the repo market.
DTCC plans to further streamline and speed up US equities settlement processes, following the transition to a T+2 settlement cycle last year.
Timothy Lind has been appointed managing director of DTCC data services.
A recent DTCC study showed 78% of respondents highlighted missing or incomplete SSIs as the principal pain point affecting post-trade processes.
Grimonpont will assume his new role from the beginning of 2018, replacing Michael Shipton who plans retire at the end of the year.
DTCC says Japanese clients continue to increase automation of trade matching and settlement processes.
HSBC joins the likes of JP Morgan and Brown Brothers Harriman that have gone live on the GC Direct service.
The DTCC’s Fixed Income Clearing Corporation subsidiary is now live and has executed its first trade between Citadel and Morgan Stanley.
The DTCC has unveiled infrastructure changes to its middle office and post-trade functions.