Post-trade market infrastructure provider the Depository Trust and Clearing Corp. (DTCC) has quantified recent market volatility, spurred by tariff turmoil and other factors, with reports of record volumes via its platforms and services. DTCC officials report peak values and volumes across: The National Securities Clearing Corp. (NSCC): “On April 9, NSCC achieved a new peak… Read More >>
SEC Revises ‘Living Wills’ for Clearinghouses
The Securities and Exchange Commission (SEC) is revising the “living will” for covered clearing agencies (CCAs) through rule amendments and a new rule —approved late last month — all intended to boost the resilience, recovery, and wind-down planning for CCAs, officials say. “CCAs are registered clearing agencies that act as central counterparties, meaning that they… Read More >>
NSCC Automates Collateral Management for ETFs
NSCC Also Adds Support for Fixed Income ETFs National Securities Clearing Corp. (NSCC) officials report that they have launched an automated solution to make the collateral management process for exchange-traded funds (ETFs) more efficient. The changes to this mostly manual process also include new support for fixed income ETF capabilities. “The new NSCC solution fully… Read More >>
T+1 in Two Years Says DTCC
Is T+1 settlement possible in two years? Officials at the Depository Trust and Clearing Corp. (DTCC) think so and have released a two-year industry roadmap for a one-day settlement cycle after execution for U.S. equities, also known as T+1. Building upon the successful T+2 effort in 2017, the DTCC is making its case via a… Read More >>
