Market Infrastructure
DTCC plans new algorithm to re-engineer night cycle and increase settlement rates going into the next morning.
Technology
DTCC-Euroclear Global Collateral partners with NEX to improve OTC derivatives margin call processes following changes in its senior leadership roles.
Market Infrastructure
DTCC aims to bring new players into providing collateral and liquidity to the repo market.
Market Infrastructure
DTCC plans to further streamline and speed up US equities settlement processes, following the transition to a T+2 settlement cycle last year.
People Moves
Timothy Lind has been appointed managing director of DTCC data services.
Market Infrastructure
A recent DTCC study showed 78% of respondents highlighted missing or incomplete SSIs as the principal pain point affecting post-trade processes.
Market Infrastructure
Grimonpont will assume his new role from the beginning of 2018, replacing Michael Shipton who plans retire at the end of the year.
Custody
DTCC says Japanese clients continue to increase automation of trade matching and settlement processes.
Custody
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.