FICC sponsored service volumes exceeded US$2 trillion in 2024
14 January 2025 US
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The Depository Trust & Clearing Corporation (DTCC) has announced that Fixed Income Clearing Corporation鈥檚 (FICC) sponsored service volumes reached US$2 trillion at the end of 2024.
This marked a new peak volume and an 83 per cent year-over-year increase.
Amid preparations to meet expanded US Treasury clearing mandate requirements, FICC鈥檚 indirect clearing relationships also grew to 7,200 鈥� representing a 20 per cent growth in indirect relationships year-over-year.
Laura Klimpel, managing director and head of DTCC鈥檚 fixed income and financing solutions, comments: 鈥淲e anticipate continued growth in voluntary clearing in the months ahead as firms recognise the value of clearing their trading activity at FICC.鈥�
Brian Steele, DTCC managing director and president of clearing and securities services, adds: 鈥淲e鈥檒l continue to serve our clients as their strategic partner as we introduce workflows and accounting approaches to enable capital efficiencies.鈥�
This marked a new peak volume and an 83 per cent year-over-year increase.
Amid preparations to meet expanded US Treasury clearing mandate requirements, FICC鈥檚 indirect clearing relationships also grew to 7,200 鈥� representing a 20 per cent growth in indirect relationships year-over-year.
Laura Klimpel, managing director and head of DTCC鈥檚 fixed income and financing solutions, comments: 鈥淲e anticipate continued growth in voluntary clearing in the months ahead as firms recognise the value of clearing their trading activity at FICC.鈥�
Brian Steele, DTCC managing director and president of clearing and securities services, adds: 鈥淲e鈥檒l continue to serve our clients as their strategic partner as we introduce workflows and accounting approaches to enable capital efficiencies.鈥�
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