DTCC launches Trade Reporting Analytics and UTI Exchange
30 October 2023 US
Image: AI Farm
DTCC has announced the launch of its Trade Reporting Analytics and UTI Exchange as part of its DTCC Report Hub Services.
DTCC Report Hub鈥檚 new Trade Reporting Analytics aims to provide reporting parties access to a growing library of more than 100 data insights on their own reporting behaviour to identify potential errors, highlight trends, and benchmark performance against anonymised peers.
Report Hub鈥檚 Trade Reporting Analytics capabilities have been validated by a pilot user group of some firms including J.P. Morgan, Nomura Americas Services, LLC and Wells Fargo.
Bill Hughes, head of operations of Nomura Americas Services at LLC, comments: 鈥淸DTCC Report Hub鈥檚 Trade Reporting Analytics] enables us to evaluate our trade and transaction data for accuracy, completeness, and timeliness across reporting regimes while tracking our performance against an anonymised peer group, a uniquely valuable benefit.鈥�
Chris Childs, managing director and head of repository and derivatives services at DTCC, says: 鈥淲e are committed to driving efficiencies, mitigating risks, and mutualising costs associated with regulatory compliance.
鈥淭he demand for pre- and post-reporting solutions has never been greater, and we remain committed to expanding DTCC鈥檚 trade reporting ecosystem and our service capabilities to support our clients鈥� evolving needs.鈥�
DTCC Report Hub鈥檚 new Trade Reporting Analytics aims to provide reporting parties access to a growing library of more than 100 data insights on their own reporting behaviour to identify potential errors, highlight trends, and benchmark performance against anonymised peers.
Report Hub鈥檚 Trade Reporting Analytics capabilities have been validated by a pilot user group of some firms including J.P. Morgan, Nomura Americas Services, LLC and Wells Fargo.
Bill Hughes, head of operations of Nomura Americas Services at LLC, comments: 鈥淸DTCC Report Hub鈥檚 Trade Reporting Analytics] enables us to evaluate our trade and transaction data for accuracy, completeness, and timeliness across reporting regimes while tracking our performance against an anonymised peer group, a uniquely valuable benefit.鈥�
Chris Childs, managing director and head of repository and derivatives services at DTCC, says: 鈥淲e are committed to driving efficiencies, mitigating risks, and mutualising costs associated with regulatory compliance.
鈥淭he demand for pre- and post-reporting solutions has never been greater, and we remain committed to expanding DTCC鈥檚 trade reporting ecosystem and our service capabilities to support our clients鈥� evolving needs.鈥�
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