The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC DataPro Readies Fundamental Review of the Trading Book Solution

DTCC DataPro is planning to add Fundamental Review of the Trading Book (FRTB), expanded risk and extended exchange-traded funds (ETFs) solutions to its portfolio of data products through 2017. We caught up with Ron Jordan, managing director of Data Services at DTCC, soon after the rebranding of DTCC Data Products to DTCC DataPro to find out more about this year’s plans for the business.

DTCC Data Products was established in July 2015 to pull together data from the company’s post-trade processing and data engines and deliver centralised, on-demand data provisioning designed to help firms meet regulatory demands, reduce risk, increase efficiency, gain better market insight and lower costs. Jordan says the name change to DTCC DataPro is a rebranding exercise, although the company has also used the opportunity to reorganise how its products are offered to market and identify additional products that provide added value to clients.

On the roadmap for this year is a real-price data service that will support the observation element of FRTB, which requires at least 24 real prices a year to be observable, with a maximum of one month between observations, if an instrument is to be classified as modellable within the confines of the regulation.

Jordan says: “We have the largest repository of transaction and reported data in the industry and will leverage this to provide observation data for FRTB.” He expects the company’s solution to be a service that will package, anonymise and deliver required data to help firms with modelling. Alternatively, it could be an enquiry service providing only data. The company is working on proofs of concept and will develop the solution in line with expected regulatory requirements on observations.

Additional risk solutions are also on the plan for this year. Jordan explains: “DTCC is strong on risk internally, so we are looking at how our data and tools could be used externally by other firms to manage positions and risk.” Moving on to ETF solutions, he says the company is developing benchmarking products as well as ETF liquidity scores designed to help firms understand the components in a basket of ETFs.

The reorganisation of DTCC DataPro’s product offerings changes the emphasis from asset class categorisation to six types of products that cross asset classes: announcement, liquidity, market and benchmark analytics, regulatory compliance, risk, and security reference.

Related content

WEBINAR

Recorded Webinar: Data Management – A Finance, Risk and Regulatory Perspective

This webinar has passed, but you can view the recording here. With financial institutions acquiring international businesses – whether through mergers-and-acquisitions activity or organic growth – cross- border trading and investment has become the norm. But with it comes a new level of complexity, as firms grapple to deal with multiple regulatory regimes, market conventions...

BLOG

One Year On: Banks Resume Prioritization of FRTB, but Same Challenges Persist

By: Essan Soobratty, Regulatory Product Manager, and Eugene Stern, Head of Market Risk Product, Bloomberg. One year on from the start of the global pandemic which sent global markets into turmoil and prompted regulators to introduce a range of emergency measures to support the financial system and the broader economy, banks are continuing their return...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2018/2019 – Sixth Edition

In a testament to the enduring popularity of the A-Team Regulatory Data Handbook, we are delighted to publish a sixth edition for 2018-19 of our comprehensive guide to all the regulations and rules that might impact data and data management at your institution. As in previous editions of the Regulatory Data Handbook, we have updated...