DTCC Adds New Canadian Trade Reporting Capabilities to its Global Trade Repository Service11.22.2016 By John D'Antona Editor, Traders Magazine
DTCC.com – New York/London/Singapore/Hong Kong/Tokyo/Sydney – The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announces that its Global Trade Repository (GTR), through its locally registered trade repository, has added trade repository services for Newfoundland and Labrador. With this addition, GTR now supports all Canadian provinces and territories, with existing support for Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, Saskatchewan, Nunavut, Northwest Territories, Prince Edward Island and Yukon.
In an effort to achieve improved risk analysis, all Canadian provinces and territories have adopted harmonized derivatives reporting regulations, as applicable, rules 91-507 and MI 96-101. These rules require reporting for over-the-counter (OTC) derivatives transactions, including rate, credit, equity, FX and commodity derivatives. GTR is anticipated to begin support for public price dissemination in January 2017, across all Canadian provinces and territories.
“We are pleased to be able to deliver robust and comprehensive derivatives trade reporting capabilities to market participants and regulatory authorities across Canada, bringing greater transparency and risk mitigation to the OTC derivatives markets,” said Marisol Collazo, CEO of GTR Americas for DTCC.
Ms. Collazo added, “As the only global trade repository offering reporting services across all five asset classes, we continue to work with regulators, service providers and end users to facilitate reporting in Canada and other major jurisdictions. Our commitment is to continue to support our clients by offering a flexible platform which simplifies their reporting processes by enabling them to report all their trades once.”
Today, there are over 6,000 firms leveraging GTR for more than 60,000 accounts, with over 150 firms managing 620 accounts in Canada alone.
Status grants clearing members clarity on the regulatory treatment of their exposures to OCC.
The clearinghouses will be using a VaR methodology.
The US regulated cryptocurrency exchange has acquired Embed Clearing.
'Crypto carnage’ has shown how meaningful protections for investors, markets, and the public are needed.
The enhanced margining model strengthens resilience and boosts capital efficiency.