Buy-side pressed for time to establish vendor relationships as one-year SDR countdown starts
For asset managers that seek to use a third-party vendor to manage their CSDR compliance, time is running out to finalise those relationships.
For asset managers that seek to use a third-party vendor to manage their CSDR compliance, time is running out to finalise those relationships.
Set to launch in Q3 2021, the DTCC SFT clearing service would offer both direct access and a sponsored membership model to buy-side firms.
Regulators seek to minimise the potentially wide-spread impact of Brexit on Europe’s capital markets.
HKEX will use DAML-developed smart contracts and has partnered with DTCC to streamline and automate Northbound Stock Connect post-trade processes.
The spike in trade settlement fails across the US and Europe highlighted the urgency for post-trade automation.
The addition will help support several of DTCC’s projects as it seeks to transform the securities post-trade process.
DTCC stated dematerialisation would reduce the risks and costs associated with manual processing and human touchpoints.
DTCC has gone live with four new custodians on the service, growing its impressive list of users to 11.
The rise comes less than a month before sell-side firms will be required to report their trades under SFTR.
The group will collaborate on setting standards for building distributed applications, including frameworks on token definitions and contracts