The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that the DTCC DataPro product suite, previously known as DTCC Data Products, will be enhanced to include additional data offerings covering major asset classes. DTCC DataPro delivers both referential and activity-based data solutions that help clients address evolving operational, regulatory compliance, risk management and investment processes.
DTCC DataPro currently covers major asset classes across six categories: Announcement, Liquidity, Market and Benchmark Analytics, Regulatory Compliance, Risk and Security Reference. “DTCC DataPro leverages data collected by DTCC’s processing and data engines to help firms address front-, middle- and back-office needs,” said Ron Jordan, Managing Director of Data Services, DTCC. “In an increasingly competitive market environment, DTCC DataPro simplifies the complexities of data management across transaction types and asset classes, increasing transparency, mitigating risk and driving efficiencies for financial firms.”
DTCC DataPro recently launched Trade Information Warehouse (TIW) Market Reports, which offer market risk perspectives on credit derivatives by utilizing data sourced from TIW – a centralized infrastructure for reporting and asset servicing on approximately 98% of credit derivative transactions worldwide. Two anonymized and aggregated report types are available: TIW Weekly Stock and Volume Report, which delivers information on credit default swap (CDS) contract activity; and TIW Index and Index Options Activity Report, offering information covering CDS index plus index option open interest.
In collaboration with the financial industry, DTCC is evaluating a potential role in providing banks with a Fundamental Review of the Trading Book (FRTB) real-price data service. FRTB overhauls the current Basel 2.5 market risk capital framework, which requires banks to demonstrate that risk factors used in their capital model meet “real” price observability standards.
“DTCC DataPro was created in response to growing client demand for access to consolidated views of their own trading data, as well as aggregated and anonymized market data sourced from DTCC’s processing and data engines,” said Dan Magarino, Executive Director, DTCC DataPro. “It uses source data to provide market insights to clients for use in a variety of different ways, including gaining a more holistic view of their own activity, comparing their activity to market benchmarks, helping to comply with the myriad of new regulatory requirements, helping to optimize their use of capital and to better manage risk.”
With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2015, DTCC’s subsidiaries processed securities transactions valued at more than US$1.5 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$45.4 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week.