TriOptima to Verify and Reconcile OTC Derivatives Data Submitted to the DTCC

TriOptima will support the data verification and portfolio reconciliation of DTCC’s trade repository data for clients’ OTC derivative portfolios.


“Assisting our clients with verification and reconciliation of portfolio data submitted to DTCC trade repositories is a significant development,” said Raf Pritchard, CEO of triResolve. “Making repository data directly available to the reconciliation process contributes to data accuracy and creates opportunities to combine workflows and simplify operations. Given the rapid pace of change in the market, TriOptima’s strategy is to connect to multiple platforms across the OTC derivatives landscape including central clearinghouses, confirmation platforms, repositories, and other emerging providers of trade processing and data store functionality.”

Stewart Macbeth, President and CEO of DTCC’s Deriv/SERV subsidiary, noted that, where permitted, such service provider linkages can be of great assistance to both regulators and market participants. “Giving our clients’ service providers access to repository data is a way to assist our clients in meeting their regulatory obligations and operational goals efficiently,” said Macbeth. ”Open access is a critical goal in the new OTC derivatives landscape, and the TriOptima connection will facilitate portfolio reconciliation for firms.”