DTCC Seeks Clean Sweep for OTC Trade Repositories
Deriv/Serv, the over-the-counter (OTC) subsidiary of the Depository Trust and Clearing Corp. (DTCC), plans to launch global trade repositories for foreign exchange (FX) and commodity OTC trades, according to DTCC officials.
The DTCC, in conjunction with industry messaging cooperative Swift, recently won a request for proposal (RFP) from the Global Financial Markets Association, which comprises the US-based Securities Industry Financial Market Association (Sifma), the Association for Financial
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