DTCC outlines steps to fully automate $780 billion of physical securities
DTCC stated dematerialisation would reduce the risks and costs associated with manual processing and human touchpoints.
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
The US post-trade infrastructure has launched two new projects that will advance its digitalisation programme and further develop its adoption of new technologies.
Despite calls for a delay to the securities finance regulation, service providers push forward with client testing.
Tony Freeman had led the regulatory agenda for DTCC and its Omgeo subsidiary for over 15 years.
DTCC confirmed it has now onboarded Citadel, Franklin Templeton, Nordea Investment Management and PIMCO to its SFTR reporting service.
Former commissioner at the US regulator and DTCC's head of global public policy, leaves to join US options exchange group.
The end of the joint venture marks the conclusion of a project that has been wrought with delays and high-profile executive departures in its relatively short lifespan.