The partnership is the second with a trade repository for EquiLend and Trax’s joint solution.
The European Commission intends to endorse the draft regulation but will amend certain details ahead of implementation.
Industry awaits formal approval from European Commission, but Global Custodian understands it will make no 'fundamental changes' to SFTR which now looks to be adopted in at the end of the year or Q1 2019.
DTCC intends to submit an application to become a registered trade repository under SFTR.
The former global head of agency lending product and portfolio advisory at JP Morgan joins the data vendor to lead its commercial strategy and products.
For the first time, trade reporting requirements will be imposed on repos and other securities financing transactions.
The securities lending and prime brokerage divisions of five banks and Vanguard have joined the SFTR design partner group.