The Depository Trust and Clearing Corporation (DTCC) has announced the successful receipt of swap prices and transaction data at its DTCC Data Repository (DDR).
DDR began collecting data on December 31 2012, the obligatory enactment date of regulation from the US Commodity Futures Trading Commission (CFTC) that requires participants to report swap transaction data to a repository, which then publicly disseminates the information. Since December 31, DTCC claims, it has released more than 10,000 records for real-time pricing through file transfers, RSS feeds and ticker information on its website.
DDR has also been collecting cleared and uncleared trade reports, as mandated by the CFTC. The rules are designed to bring transparency to the reportable over-the-counter (OTC) derivatives market, which was inherently one of the most opaque areas of finance.
"Enabling swap dealers to report trade information into DDR and providing this data to regulators and the public is an important milestone in our ongoing efforts to enhance global market transparency," says Mike Dunn, chairman at DDR. "DDR has been ready to accept data since October 12, which was the date reporting started under CFTC regulations. Since the launch of DTCC's repository service as a trade information warehouse in 2006, DTCC has been committed to establishing strong infrastructure globally and bringing clarity to the marketplace."
More from Sell Side Technology
Updating your subscription status
Winner's Announced: Sell-Side Technology Awards 2014
The winners of the 2nd annual Sell-Side Technology Awards 2014 were announced in New York on April 15. These awards recognize the leading technologies and third-party vendors in their area of expertise, through an auditable and transparent methodology. To view the winners across the 24 categories click here.
The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....