The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced that its Fixed Income Clearing Corporation (FICC) subsidiary processed a series of record volumes last week, reaching an all-time high of over USD$11 Trillion in U.S. Treasury cleared transactions on April 9, a significant milestone in FICC’s history of processing government securities transactions.

 “FICC’s record volumes come amid heightened market volatility and underscore the critical role that FICC plays in promoting the stability and resiliency of the U.S. Treasury market,” stated Laura Klimpel, Managing Director, Head of DTCC’s Fixed Income and Financing Solutions. “Even in times of market stress, FICC’s ability to effectively process historically high volumes reaffirms the strength of the central clearing model in safeguarding the integrity of the world’s deepest and most liquid market. It also demonstrates the essential value that FICC provides as a critical infrastructure, mitigating risk and reinforcing confidence across financial markets.”

Source: DTCC