Depository Trust & Clearing Corporation (DTCC)
Credit market won't be fazed by GM bankruptcy, say analysts
Despite its size, the largest industrial bankruptcy in US corporate history is unlikely to have much of an effect on the credit derivatives markets, suggest analysts.
Markit and DTCC's OTC services merger could close by end of June
The merger of London-based Markit's and New-York-based Depository Trust & Clearing Corporation's (DTCC) trade-processing services is expected to become official within six weeks.
LCH snubs DTCC merger
A proposed merger between London-based derivatives clearing house LCH.Clearnet and US clearing giant, the Depository Trust & Clearing Corporation (DTCC) has fallen through.
Ups and downs
Seen as a simple solution for reducing counterparty risk by regulators, moving credit derivatives on to central clearing platforms is proving fiendishly complicated. While progress is being made, it is generating more questions than answers. Mark…
Dealer interest delays LCH.Clearnet and DTCC deal
The Depository Trust & Clearing Corporation (DTCC) has pushed back the deadline for its takeover talks with LCH.Clearnet, in the face of a rival bid from a group of major dealers.
LCH.Clearnet bid sparks conflict-of-interest debate
A proposal by a consortium of major derivatives dealers to acquire London-based clearing house LCH.Clearnet has led to suggestions that banks becoming intimately involved in the clearing process could present a conflict of interest.
LSE may join LCH.Clearnet bid consortium
The London Stock Exchange (LSE) today confirmed that it is "looking closely" at joining the consortium of financial institutions bidding for London-based clearing house LCH.Clearnet.
US and European firms in bid for LCH
A consortium of major US and European financial institutions is lining up a bid for London-based derivatives clearing house LCH.Clearnet. Deutsche Bank is acting as adviser on the acquisition, as well as being part of the bidding group.
The fight is on for LCH
US clearing giant, The Depository Trust & Clearing Corporation (DTCC), insisted on Tuesday that a merger with London-based clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.
DTCC to publish more CDS data
The Depository Trust and Clearing Corporation (DTCC), the largest derivatives clearing house in the US, is to expand the data it publishes on the credit derivatives market.
Politicians clamour for OTC derivatives reform
Regulatory News
DTCC launches weekly CDS update
The Depository Trust and Clearing Corporation (DTCC), the largest derivatives clearing house in the US, released its first weekly snapshot of the credit derivatives market yesterday.
DTCC closes out over $500 billion of Lehman exposure
The Depository Trust & Clearing Corporation (DTCC), which provides post-trade clearing and settlement services in the US capital markets, has completed the largest close out in its history, clearing over $500 billion of market participants’ exposure to…
DTCC and LCH.Clearnet plan €739 million merger
The Depository Trust and Clearing Corporation (DTCC), the largest clearing house in the US, and European clearer LCH.Clearnet have agreed to merge, a move the companies claim will create the world's largest clearing house.
Markit and DTCC plan to merge OTC services
London-based data provider Markit and New York-based Depository Trust and Clearing Corporation (DTCC) have announced their intention to form a new company to serve the over-the-counter derivatives markets.
Central clearing house becomes a reality
Clearing Corporation, a Chicago-based clearing house, and the New York-based Depository Trust and Clearing Corporation (DTCC) will launch central counterparty clearing services for a range of over-the-counter credit derivatives in the third quarter.
DTCC names risk chief
The New York-based Depository Trust and Clearing Corporation (DTCC) has named Douglas George as its first chief risk officer.
DTCC and Jasdec to handle US stocks on Japanese exchange
The Depository Trust and Clearing Corporation (DTCC) has signed a deal with the Japan Securities Depository Centre (Jasdec) to streamline trading in US securities on Japanese stock exchanges.
DTCC developing trade warehouse for credit derivatives
The Depository Trust & Clearing Corporation (DTCC) is developing a central trade information warehouse and support infrastructure in an attempt to standardise how credit derivative trades are processed across the industry.
DTCC continues post-trade processing push
The Depository Trust & Clearing Corporation (DTCC) has appointed Gina Ghent as a vice-president for business development. Ghent will be responsible for expanding the New York-based clearance and settlement firm’s over the-counter derivatives post-trade…
GFI, Icap and Tullett collaborate with DTCC on credit derivatives
Inter-dealer brokers GFI, Icap and Tullett Prebon have come together to launch what they call a 'multi-broker electronic checkout service' in conjunction with the Depositary Trust & Clearing Corporation (DTCC). Initially deployed as a one-year pilot…
Exchanges continue to clear Refco FCM’s trades, DTCC says broker-dealer operation winding down
The controversy surrounding Refco has not hindered operations at its futures commission merchant (FCM) subsidiary, according to derivatives exchanges.