DTCC Advances Development of New Tokenization Service, Convenes 50+ Firms to Drive Digital Assets Adoption Learn More: https://www.dtcc.com/news/2026/may/04/dtcc-advances-development-of-new-tokenization-service
DTCC CEO Shares Top Priorities for DTCC and the Industry in 2025
Launch 2025 with a New Career at DTCC! As the new year begins, there’s no better time to take the next step in your career. At DTCC we’re passionate about helping people grow, innovate, and succeed. We’re currently hiring for a range of opportunities in the financial services sector where you can make a real impact while building a career you love. Whether you’re looking for a fresh start, career advancement, or a company that values your unique skills, DTCC has an opportunity for you! Ready to shape the future of global financial markets? Find a career with purpose at DTCC. https://www.dtcc.com/careers
FinTech Focus TV: Lessons from the U.S. Move to T+1 https://www.dtcc.com/dtcc-connection/articles/2024/december/04/fintech-focus-tv-lessons-from-the-us-move-to-t1
Navigating the Political Landscape: How Public Policy Impacts Financial Markets https://www.dtcc.com/dtcc-connection/articles/2024/october/30/navigating-the-political-landscape-how-public-policy-impacts-financial-markets
FICC’s Government Securities Division Surpasses USD$10 Trillion in Daily Activity, Setting New Record https://www.dtcc.com/news/2024/october/03/ficcs-government-securities-division-surpasses
FICC’s Government Securities Division Achieves New Milestone, Clearing USD$8.8 Trillion in Daily Activity
DTCC Testifies to Congress on Opportunities to Advance Financial Markets with Digital Securities and Tokenization Services
DTCC Urges Affirmation Focus Ahead of T+1 Move On May 28, large numbers of securities transacted across the North American marketplace will be required to settle one day after they are executed. The Depository Trust and Clearing Corporation (DTCC) is urging all market participants to scrutinize their existing technology and operational procedures, especially those around the affirmation process, in preparation for the Securities and Exchange Commission’s (SEC’s) deadline.
DTCC Comments on Industry’s Affirmation Progress, With T+1 Implementation Two Months Away The U.S. transition to a T+1 settlement cycle is two months away, and market participants are continuing preparations as the May 28, 2024, implementation date approaches. Many firms continue to focus on enhancing operational efficiencies, including the achievement of same-day affirmation. Our analysis shows that in January 2024, 73% of transactions were affirmed by the DTC cutoff time of 9:00PM ET on trade date. In February, the number increased to 74.5%. When considering specific market segments as of the end of February 2024: Prime Broker Affirmation Rate: 83% (up from 81% in January) Investment Manager Auto Affirmation (central match) Rate: 89% (down from 92% in January) In February, DTCC’s ITP added 26 new Investment Managers to the CTM auto affirmation workflow, bringing the total to 369. As Investment Managers on-board, and configure their Brokers, this affirmation rate will increase. This rate is expected to normalize to 92%+ ahead of T+1. Custodian or Investment Manager (self) Affirmation Rate: 53% (up from 51% in January) Self-affirmation is supported by DTCC’s TradeSuite ID. Over 1,150 TradeSuite IDs have been added in Q1 2024 so far, providing Investment Managers with greater transparency into affirmation rates, as well as enabling them to move to an Auto Affirmation (central) model, as needed, to achieve significantly higher affirmation rates.