DTCC Deriv/Serv reaches 1000- client milestone

The Depository Trust & Clearing Corporation's (DTCC) Deriv/Serv subsidiary, which supports the post-trade processing of OTC derivatives, announced at the end of September that it has signed its 1000th customer. In 2006, Deriv/Serv processed more than 2.6 million OTC derivatives transactions and its average daily processing volumes have doubled since then to more than 20,000. Users include derivatives dealers and buy-side firms in 31 countries.