The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the global financial services industry, last month launched a new centralized data provisioning service, DTCC Data Products. This launch will include the expansion of DTCC’s Exchange Traded Funds (ETF) and Corporate Actions ISO 20022 data product offerings, to be offered later this year.
Created in response to growing client demand for more centralized on-demand DTCC data provisioning, DTCC Data Products aims to provide data that helps firms meet increasing regulatory demands, reduce risks, increase operational efficiencies, gain access to better market insight, lower operational costs, and bring greater transparency to their business operations.
DTCC Data Products will directly source cross-asset-class data captured across DTCC’s clearing, settlement, asset services and trade reporting engines, centralize it, and enable dynamic data provisioning, allowing users to access DTCC information in smarter and faster ways. DTCC offers “gold copy” data covering the approximately US$1.6 quadrillion in securities transactions it processes each year.
Data as a Service
The consolidation of DTCC data products and data provisioning is the first phase in the introduction of the DTCC Data Products service. Later this year, a “Data as a Service (DaaS)” capability will further transform the way data is provisioned from fixed and custom feed delivery to on-demand data access; DTCC will offer dynamic data access to select clearing, settlement and asset services information.
Exchange Traded Funds (ETF) composition and historical data are now available from the new centralized service. With the ETF offering, clients have customizable access to ETF composition and historical data, enabling users to achieve better insights into ETF portfolios and how they change over time. DTCC also launched its Corporate Actions offering in ISO 20022 format for non-participant firms. Now, any firm can view the universe of DTC corporate action events, enabling them to better manage their risk and ensure operational efficiency.
A newly launched DTCC data portal provides information on the first sets of data that will be provisioned and accessed via the portal later this year.