DTCC STP up 16 percent

The Depository Trust & Clearing Corporation (DTCC) says that Global Transaction Services, its full-service straight-through-processing (STP), processed 817 million trade details in 2015, up 16 percent since the end of 2014. Over 3,800 investment managers, broker-dealers and custodian banks around the world are now leveraging the suite, it adds, with Asia-Pacific experiencing a 17 percent increase in new buy-side clients.

Said Paula Arthus, managing director and head of Omgeo and Data Services, DTCC: “As a user-owned and industry-governed utility, DTCC is committed to its core mission of protecting the stability and integrity of the global financial system, which means that every DTCC employee is laser-focused on mitigating risk, creating market efficiencies and reducing costs in the post-trade world. To continue providing value-added services to our clients that help secure and shape the future growth and development of the marketplace, we plan to build more interfaces with, and connections to, all major technology partners.”