The DTCC has gotten an answer to a nagging question about distributed ledger technology (DLT): Can it scale? The answer after nearly five months of investigation is that DLT can support average daily trading volumes of 115 million transactions. But more work will be needed before the post-trade infrastructure and services provider knows whether DLT… Read More >>
DTCC Releases Timetable for Settlement Optimization Plan
First Part of the Launch Slated for Q3 2019 Post-trade infrastructure systems provider the DTCC has released a timetable for the first phase of settlement optimization, which intends to remove “an entire market day of settlement exposure without eliminating a calendar day from the standard trade settlement process,” DTCC officials say. The initial piece is… Read More >>
FICC Launches a Repo Clearing Service
FICC Targets Risk Reduction & Capital Relief The Fixed Income Clearing Corp. (FICC), a DTCC subsidiary, has launched a repo clearing offering, the Centrally Cleared Institutional Tri-Party (CCIT) Service, that is intended to provide risk reduction and potentially capital relief, officials say. In fact, hedge fund giant Citadel and investment bank Morgan Stanley have already… Read More >>
DTCC Fills Key Equity Clearing Post
DTCC Hires from Options Clearing Corp. The DTCC, a post-trade market infrastructure services provider, reports that Michael McClain has joined as a managing director and general manager of equity clearing. McClain will be responsible for heading the “day-to-day equity clearing business operations and strategic initiatives,” and will report to Murray Pozmanter, managing director and head… Read More >>
