DTCC Begins Data-as-a-Service Rollout

The initial DaaS offering enables firms to access their own trade and exposure data, as well as aggregate positions data, helping clients to mitigate risk and reduce costs.

"Our clients are becoming more data-centric in everything that they do and have asked DTCC to help them meet their data and regulatory challenges by enabling them to view and analyze their transaction data across multiple DTCC sources. Working closely with our participant firms, and using data sourced from DTCC's central clearing, settlement and data repository engines, including FICC, National Securities Clearing Corporation (NSCC) and Global Trade Repository (GTR), DaaS allows subscribers to view their own firm-specific data and compare it to market aggregates. This increased level of data enables users to streamline information flows from DTCC to monitor share of market change activity and share of exposure activity from a variety of new perspectives and dimensions," says Ron Jordan, managing director of DTCC's Data Products division, in a statement.

Next year, DTCC will roll out further DaaS capabilities, including query tools for on-demand results, client-configurable datafeeds, and historical data.