The Depository Trust and Clearing Corporation (DTCC) has announced plans to add an Approved Reporting Mechanism (ARM) service for the Markets in Financial Instruments Directive/Regulation (MiFID/R) to its Global Trade Repository (GTR). The organisation states in a press release that the service will be established “in support of evolving transaction and trade reporting requirements”.
When launched, the new capabilities will enable firms to fulfil their transaction reporting obligations as required by the MiFID/R. Additionally, the service will offer ancillary capabilities such as data quality analytics and smart tooling for monitoring, controls, and exception management. Also included wil be a dedicated back reporting channel with queuing and in-sequence processing to authorities as well as a suite of end-of-day reports to facilitate timely issue resolution.
The expectation is that derivatives and securities trade and transaction reporting will be consolidated on a single platform, giving clients opportunities to optimise cost, governance, operational risk, and controls management.
DTCC is targeting a launch for the service in Q1 2026 in the UK and EU, subject to regulatory approval.
