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The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that National Australia Bank Asset Servicing (NAS) has agreed to submit and maintain Standing Settlement Instructions (SSIs) directly via its ALERT service, the industry’s largest and most compliant web-based global database for the maintenanc...
DTCC Says 99% of US Trade Flow Volume Migrates to Central Trade Manager. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
<p><span>The Depository Trust & Clearing Corporation (</span><a href="http://www.dtcc.com/" target="_blank">DTCC</a><span>), the premier post-trade market infrastructure for the global financial services industry, today announced that the community leveraging DTCC’s </span><a href="https://www.dtcc.com/institutional-trade-processing/itp/central-trade-manager" target="_blank">Central Trade Manager (CTM)</a><span> service for U.S. domestic trade matching has gro...
GLEIF Confirms J.P. Morgan as First Validation Agent in the Global LEI System The Global Legal Entity Identifier Foundation (GLEIF) this week announced J.P. Morgan has become the first validation agent in the Global LEI System. The Validation Agent Framework, announced by GLEIF in September 2020, enables financial institutions to improve their customer experience, accelerate client lifecycle management and reduce costs by using ‘business-as-usual’ know-your-customer (KYC) and anti-money laundering (AML) onboarding procedures to facilitate LEI issuance for their clients. J.P. Morgan and LE...
DTCC Executive 2021 Predictions Mike Bodson, President & CEO, DTCC The extreme market volatility and volume experienced during the early days of the pandemic reinforced the critical role that market infrastructures play in protecting the safety and stability of the global financial system. The crisis also shined a light on the need for increased automation to strengthen resilience, reduce risk and costs and enhance efficiencies. Looking forward, we expect automation and fintech to continue to shape financial markets, but unlike the past, new technology solutions likely won’t be implemen...