Delta Capita Acquires DTCC Report Hub to Deliver Full Stack Regulatory Reporting

When Delta Capita confirmed its acquisition of DTCC’s Report Hub earlier this year, the deal looked, at first glance, like familiar consolidation in a crowded category. Look closer and it signals a broader shift: Delta Capita is moving from adviser and operator to full stack provider in regulatory reporting – pairing managed services with a cloud native, multi tenant platform that has already been tested at industry scale. For clients, the transition was engineered to be invisible.

Under the hood, DTCC runs an unusually modern stack for a systemically critical utility. The firm is pushing towards hosting core clearing and settlement applications in the public cloud (subject to regulatory approval), modernizing client interfaces, and re platforming data including migrating trade repository storage to Snowflake. It’s also investing in applied AI with governance and open-source contributions, and continues to prove out new paradigms like Project Ion, a DLT based, parallel production equities settlement environment that has processed 100k+ bilateral transactions per day. These are underpinned by a formal operational resilience program spanning cyber, continuity and severe event responses.

Within DTCC’s Repository & Derivatives Services, the Global Trade Repository (GTR) delivered the heavy 2024 rule rewrite cycle (EU/UK EMIR Refit, MAS, ASIC, JFSA and others) and expanded tooling such as Trade Reporting Analytics for self-service data quality and benchmarking.

Continuity for Clients

Mark Aldous, Global Head of Capital Markets Managed Services at Delta Capita, stresses the importance of insulating Report Hub clients from operational impacts. “When we went and met with clients and told them that we were acquiring Report Hub, we wanted to tell them that the acquisition itself was not going to be a challenge for them. And we achieved that. So, no one’s had to re-engineer anything. No one’s had to change the way they use Report Hub as part of the transition.”

This matters in a reporting cycle where even small production changes can introduce risk, especially for firms that have recently navigated rewrites across EMIR, SFTR and other regimes. The integration plan, he explains, is sequenced: keep Report Hub running as-is, then open pathways so a client of one Delta Capita service can “benefit from all of them… seamlessly without having to integrate twice.”

With the migration of its last on premises client a year ago, Report Hub’s entire client base is now fully cloud based, unlocking elastic scale, uniform controls, and faster delivery of regulatory changes across regimes. “Moving 100% to the cloud matters because it lets us standardize data quality and resilience, automate UTI/UPI workflows, and push rule rewrite updates in days – not months – while keeping costs predictable,” explains Mark Steadman, formerly Global Head of Report Hub at DTCC and now leading the team at Delta Capita.

Report Hub takes data direct from the trading system and integrates that directly into the reporting system, without the need for a templating step (templates are still supported where required). A strongly differentiated feature in the workflow is pre-submission validation, a series of steps encompassing transformation/enrichment and eligibility checks, working out if and where the trade needs to be reported, creating additional submissions where required, sequencing, working out if the trade needs to be delegated, etc.

Steadman emphasises that, “Pre-reporting is a different animal from post-reporting because the support, the resilience, the reliability you need around the application is very, very high; it needs to be industry scale,” he says and continues, “It’s the workflow that really is the difficult thing about trade reporting. Sequencing, getting it right, and if you’re taking data direct from Murex, from Calypso, from Wall Street, they all have their own nuances around workflow and business rules. Report Hub has captured over 100 of these workflows over the course of its strong market growth.

An End-to-end Solution

The acquisition lets Delta Capita present a continuum of services covering advisory, technology, assurance and managed operations giving clients the ability to move from confirmation and settlement through to reporting without stitching together multiple providers.

One open question is Europe’s appetite for harmonising regimes such as SFTR and MiFIR, and what that might mean for trade repository flows. Steadman is pragmatic: “It’s still early days… these early consultations will take a number of years… But at the end of the day… firms are still going to have to report… We’ll obviously address whatever changes that brings when it comes up.” In other words,  the obligations and the need to capture, enrich and submit accurate data don’t go away, even if reporting lines consolidate.

Overall, the deal does three things. First, it cements Report Hub’s evolution into a cloud only, multi tenant utility with headroom to scale horizontally. Second, it elevates pre reporting from a feature to a risk reduction strategy: codifying eligibility and workflow sequencing in a way that reduces costly downstream errors. Third, it extends Delta Capita’s already strong advisory services within Reg Reporting to a full suite covering the complete life cycle, from advisory to managed operations, anchored by a proven industrial strength platform.

Continue the conversation at A-Team Group’s RegTech Summits in London and New York, where both agendas feature “Best practices for streamlined and agile regulatory reporting.” These panels will debate unified data strategies, automation, end-to-end data lineage and the role of AI in reporting. These sessions offer a rare opportunity to benchmark approaches, share lessons and test your readiness for the next wave of rule changes.

Register for RegTech Summit London HERE and for New York HERE.