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: How to get data lineage right

Don’t miss this opportunity to view the recording of this recently held webinar. Data lineage is key to regulatory compliance and financial institutions’ ability to understand and use their data to business advantage. It is also important from an operational perspective, as a successful implementation can identify systems and data feeds that are no longer...

BLOG

A-Team Group Names Winners of Data Management Insight Awards 2020

A-Team Group has announced the winners of its prestigious Data Management Insight Awards 2020. The annual awards, now in their eighth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. The award winners were announced online across categories ranging from best sell-side and buy-side data management platforms to best...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...