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.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails