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DTCC plans open automated end-to-end platform

No less than an “open, integrated platform for delivering no-touch processing, from post-execution to settlement” is in the making at DTCC, Global Custodian reports.

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“We have a plan to create an open, integrated and resilient post-trade infrastructure that eliminates redundancies and manual processing across an increasing set of asset classes,” DTCC’s head of institutional trade processing Matthew Stauffer is quoted as saying.

The platform is designed to encompass the full trade lifecycle from post-execution to settlement, managable from a single platform.

Billions to tackle

In a recent white paper, the United States CSD estimates the industry spending on post-trade processing at $6–9 billion per year – stating that it has failed to keep up with the speed of digitalisation in other parts of the industry.

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Picking up the news, Global Custodian comments that it “could prove to be a welcome development for the post-trade industry as the onset of the settlement disciple regime (SDR) under the central securities depositories regulation (CSDR) approaches”.

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