DTCC Data Products to centralise data provisioning and access
Post-trade market infrastructure the Depository Trust & Clearing Corporation has launched a new centralised data provisioning service, DTCC Data Products and expanded its exchange traded funds and ISO 20022 corporate actions data offerings.
The service aims to provide data that helps firms “meet increasing regulatory demands, reduce risks, increase operational efficiencies, gain access to better market insight, lower operational costs, and bring greater transparency to their business operations”. It will directly source cross-asset-class data captured across DTCC’s clearing, settlement, asset services and trade reporting engines, centralise it, and enable dynamic data provisioning, allowing users to access DTCC information in “smarter and faster ways”.
“DTCC has a unique vantage point as an industry-governed post-trade clearing, settlement and asset services infrastructure in the US that enables us to directly source reliable, enriched and unique data,” said Ron Jordan, chief data officer at DTCC. “Clients are showing increasing interest in obtaining better access to certain DTCC information for analysis, risk, and operational purposes. By centralising data provisioning and providing a single point of access for clients, the service will help clients at every stage in the trade lifecycle.”
The consolidation of DTCC data products and data provisioning is the first phase in the introduction of the DTCC Data Products service. Later this year, a ‘Data as a Service’ capability will further change the way data is provisioned from fixed and custom feed delivery to on-demand data access; DTCC will offer dynamic data access to certain clearing, settlement and asset services information.
With the ETF offering, clients have customisable access to ETF composition and historical data. DTCC has also launched its ISO 20022 format corporate actions offering for non-participant firms, allowing any firm to view the universe of DTC corporate action events, enabling them to better manage their risk and ensure operational efficiency.
“The consolidation of data feeds and services is a critical first step in providing clients with easier access to certain DTCC information,” said Jordan. “We look forward to working closely with our community as the Data Products offering continues to evolve.”