DTCC has launched a brand new service providing real-time
entry to over-the-counter (OTC) derivatives transaction information via cloud
expertise. Dubbed OTC Direct Join, the brand new providing caters to funding
professionals, information distributors, and enterprise assist groups working within the
derivatives markets.
In response to the corporate’s official assertion, OTC
Direct Join goals to streamline the administration of market and buying and selling danger
elements. It provides an answer to eradicate guide information assortment strategies. The service
guarantees improved transparency within the OTC derivatives markets, in step with
regulatory disclosure mandates.
Tim Lind, the Managing Director of DTCC Information
Companies, talked about: “This resolution systematically and seamlessly disseminates
OTC derivatives transaction information to events. OTC Direct Join
improves transparency within the OTC derivatives markets, as supposed by regulatory
disclosure mandates, by offering subscribers with improved info
entry.”
DTCC’s OTC Direct Join goals to rework the
dealing with of OTC derivatives transactions. It equips subscribers with real-time
entry to essential market information, enabling them to handle dangers related to
buying and selling actions higher. The elimination of guide information assortment strategies supplies scalability and automatic entry to DTCC’s
printed information on the Public Value Dissemination Dashboard.
We now have launched a brand new service, OTC Direct Join, that can leverage cloud expertise and streamline entry to OTC derivatives transactions information to assist eradicate guide information assortment strategies.
Learn extra: https://t.co/jEax5clcRi pic.twitter.com/iPBWzujOrU
— DTCC (@The_DTCC) November 8, 2023
Apart from that, the service improves market
transparency as required by regulatory disclosure mandates, providing subscribers enhanced info entry. Subscribers obtain information via
Amazon Net Companies (AWS) by way of AWS Information Trade. This enables them to
conveniently discover, subscribe to, and use third-party information within the cloud .
AWS Information Trade’s integration with different AWS
providers, resembling Amazon S3, Amazon Athena, and Amazon Redshift, streamlines
information storage and integration into their methods and functions, DTCC acknowledged. The launch of
OTC Direct Join provides to the array of DTCC’s information providers choices.
Evolving Panorama of
OTC Derivatives Regulation
The regulation of OTC derivatives is gaining
traction globally. In September, the Canadian securities regulators
launched a complete rule to control OTC derivatives for
sellers and advisers. This new rule, aligning with worldwide requirements,
goals to foster transparency, accountability, and moral practices within the OTC
derivatives market in Canada.
The newly adopted rule locations substantial
obligations on OTC derivatives sellers and advisers. These obligations
embrace mandates associated to honest dealing, battle of curiosity administration,
reporting non-compliance, and sustaining meticulous recordkeeping. This
framework is a vital step in the direction of guaranteeing the integrity of the OTC
derivatives market.
DTCC has launched a brand new service providing real-time
entry to over-the-counter (OTC) derivatives transaction information via cloud
expertise. Dubbed OTC Direct Join, the brand new providing caters to funding
professionals, information distributors, and enterprise assist groups working within the
derivatives markets.
In response to the corporate’s official assertion, OTC
Direct Join goals to streamline the administration of market and buying and selling danger
elements. It provides an answer to eradicate guide information assortment strategies. The service
guarantees improved transparency within the OTC derivatives markets, in step with
regulatory disclosure mandates.
Tim Lind, the Managing Director of DTCC Information
Companies, talked about: “This resolution systematically and seamlessly disseminates
OTC derivatives transaction information to events. OTC Direct Join
improves transparency within the OTC derivatives markets, as supposed by regulatory
disclosure mandates, by offering subscribers with improved info
entry.”
DTCC’s OTC Direct Join goals to rework the
dealing with of OTC derivatives transactions. It equips subscribers with real-time
entry to essential market information, enabling them to handle dangers related to
buying and selling actions higher. The elimination of guide information assortment strategies supplies scalability and automatic entry to DTCC’s
printed information on the Public Value Dissemination Dashboard.
We now have launched a brand new service, OTC Direct Join, that can leverage cloud expertise and streamline entry to OTC derivatives transactions information to assist eradicate guide information assortment strategies.
Learn extra: https://t.co/jEax5clcRi pic.twitter.com/iPBWzujOrU
— DTCC (@The_DTCC) November 8, 2023
Apart from that, the service improves market
transparency as required by regulatory disclosure mandates, providing subscribers enhanced info entry. Subscribers obtain information via
Amazon Net Companies (AWS) by way of AWS Information Trade. This enables them to
conveniently discover, subscribe to, and use third-party information within the cloud .
AWS Information Trade’s integration with different AWS
providers, resembling Amazon S3, Amazon Athena, and Amazon Redshift, streamlines
information storage and integration into their methods and functions, DTCC acknowledged. The launch of
OTC Direct Join provides to the array of DTCC’s information providers choices.
Evolving Panorama of
OTC Derivatives Regulation
The regulation of OTC derivatives is gaining
traction globally. In September, the Canadian securities regulators
launched a complete rule to control OTC derivatives for
sellers and advisers. This new rule, aligning with worldwide requirements,
goals to foster transparency, accountability, and moral practices within the OTC
derivatives market in Canada.
The newly adopted rule locations substantial
obligations on OTC derivatives sellers and advisers. These obligations
embrace mandates associated to honest dealing, battle of curiosity administration,
reporting non-compliance, and sustaining meticulous recordkeeping. This
framework is a vital step in the direction of guaranteeing the integrity of the OTC
derivatives market.
