• Dec. 7, 2016, 2:37 am

DTCC adds Canadian trade reporting capabilities

The Depository Trust and Clearing Corporation (DTCC), a provider of post-trade market infrastructure for the global financial services industry, has announced its Global Trade Repository (GTR) has added trade repository services for the Canadian province of Newfoundland and Labrador, giving the company complete Canadian coverage.

“In an effort to achieve improved risk analysis, all Canadian provinces and territories have adopted harmonized derivatives reporting regulations, as applicable, rules 91-507 and MI 96-101,” DTCC said in a release. “These rules require reporting for over-the-counter (OTC) derivatives transactions, including rate, credit, equity, FX and commodity derivatives. GTR is anticipated to begin support for public price dissemination in January 2017, across all Canadian provinces and territories.”

CEO of GTR Americas Marisol Collazo

CEO of GTR Americas Marisol Collazo

“As the only global trade repository offering reporting services across all five asset classes, we continue to work with regulators, service providers, and end users to facilitate reporting in Canada and all other major jurisdictions,” DTCC CEO of GTR Americas Marisol Collazo said. “Our commitment is to continue to support our clients bu offering a flexible platform which simplifies their reporting processes by enabling them to report all their trades once.”

In a release DTCC said more than 6,000 firms use GTR for more than 60,000 accounts worldwide. The Canadian totals are more than 150 firms and 620 accounts.

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