DTCC has updated its Institutional Trade Processing (ITP) service with ITP Data Analytics, a service including analytical tools that allow broker/dealers and investment managers to measure and compare their operational performance against counterparties, industry standards and peers.
ITP Data Analytics replaces DTCC’s legacy Benchmarks service. It consumes underlying daily transaction activity from DTCC’s post-trade central trade matching (CTM) service, aggregates firms’ data, and analyses the data across multiple metrics and dimensions. This provides insights on operational performance across asset classes as well as comparisons to industry averages, counterparty timeliness and efficiency. The data is displayed on a graphical, dynamic dashboard offering customisable functionalities. Reports are available for direct download.
The service also provides dedicated metrics and analyses on data points that can help firms in preparation for the proposed move in the US to a T+1 settlement cycle, and in the prevention of failed trade penalties under regulations such as Europe’s Central Securities Depositories Regulation (CSDR).
Matthew Stauffer, managing director, head of institutional trade processing, and DTCC president and CEO of DTCC ITP, says ITP Data Analytics will give firms new insights to drive no-touch processing, increase client satisfaction, reduce costs, and identify firm-specific operational competitive advantages.
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