DTCC Announces Data-as-a-Service Offering

The offering allows users to gain insights on trading activities from the DTCC's clearing, settlement, asset servicing and derivatives trade reporting solutions. The platform offering provides subscribers access to their own firm-specific transactions data, as well as positions aggregate data along with tools to customize views, according to a release. The service delivers asset-class specific data, including transaction volumes, positions and exposure.

The DTCC said the new offering helps clients to mitigate risk, enhance efficiencies and reduce costs, while meeting new regulatory requirements.

"Our clients are becoming more data-centric in everything that they do and have asked DTCC to help them meet their data and regulatory challenges by enabling them to view and analyze their transaction data across multiple DTCC sources," said Ron Jordan, managing director of data products at DTCC in a statement.

The DTCC said that future DaaS capabilities targeted for 2016 will include new query tools for on-demand results, client-configurable data feeds and access to historical data.