About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC Files SDR Applications with CFTC

Subscribe to our newsletter

The Depository Trust & Clearing Corporation (DTCC) announced that it had filed a registration application with the U.S. Commodity Futures Trading Commission (CFTC) to operate a swaps data repository (SDR), DTCC Data Repository (U.S.), across multiple OTC derivatives asset classes.

“DTCC is committed to working with financial authorities and the industry to promote a transparent and sound OTC derivatives market,” said Stewart Macbeth, president and chief executive officer, DTCC Deriv/SERV. “By filing these applications, our goal is to facilitate swaps transaction record keeping and regulatory reporting by US market participants as required by CFTC regulations under the Dodd-Frank Wall Street Reform Act.”

DTCC Data Repository (U.S.) will provide trade repository and reporting services for over-the-counter credit, interest rates, equities and foreign exchange derivatives.

SDR For Commodities

A separate application is also being filed to operate a commodities SDR through Global Trade Repository for Commodities (U.S.), a strategic alliance between DTCC’s Deriv/SERV subsidiary and Netherland-based EFETnet.

This joint collaboration, which was previously announced in June, integrates EFETnet¹s vast experience in the commodities arena and its deep network of contacts in the user community with DTCC’s proven track record in building global trade repositories. It will bring together EFETnet’s secure data communications and post trade processing capabilities with DTCC’s repository and regulatory reporting infrastructure. The combination will provide the commodities industry with an at-cost, industry owned and governed cooperative to streamline reporting to multiple regimes.

DTCC already operates global trade repositories for over-the-counter (OTC) credit and equity derivatives. The company was selected by the industry in competitive bidding processes organized by the International Swaps and Derivatives Association (ISDA) to operate global trade repositories for OTC interest rates and, in partnership with EFETnet, commodities repositories.

It was also selected, in collaboration with SWIFT, to build and operate a global FX repository by a group of global foreign exchange organizations including the Global FX Division of SIFMA, the Association for Financial Markets in Europe (AFME) and the Asia Securities Industry & Financial Markets Association (ASIFMA).

Today, DTCC holds records on more than 98% of the global credit derivative market. DTCC also launched in February 2011 a portal which provides regulators and financial supervisors around the world with direct, on-line access to detailed data and reports on those derivatives in near real-time for the entities they regulate and supervise. DTCC is an at-cost cooperative owned and governed by the financial industry.

DTCC also publishes, free of charge, comprehensive aggregate data for the top 1,000 corporate and sovereign credit derivatives single reference entities and credit derivatives indices on www.dtcc.com every Tuesday after 5:00 p.m. ET (2200 GMT).

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Detecting and preventing market abuse

Market abuse – unlawful disclosure of inside information, insider trading, circular trading, “pump and dump” schemes, etc. – poses significant threats to the integrity of capital markets. In 2024, global trading house Trafigura agreed to pay a $55 million fine to the U.S. Commodity Futures Trading Commission (CFTC) for trading with non-public information, manipulating a...

BLOG

Is the End in Sight? Plotting the Journey to Consolidated Tape in the EU and UK Markets

By Anne Plested, MCSI, Senior Product Manager for Regulation, ION Markets. The realization of consolidated tape has been long-awaited for equities trading in the UK and the European Union (EU). With the European Commission (EC) adopting the enabling technical standards on 12 June and the European Securities and Markets Authority (ESMA) launching its search for...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...