DTCC (The Depository Trust & Clearing Corporation) announced the opening of the Data Center in Singapore. DTCC data center facility will be headquartered in Singapore. This facility is a part of the Global Trio infrastructure designed to assist company’s “Global Trade Repository Services”. DTCC other two facilities are located in Netherland and United States.
This facility will help DTCC to expand into Asian markets. Addition to this DTCC has started its operations in Japan and Singapore. DTTC staffs will play a major role in providing operational processing and client support in these regions and also in helping the region’s market participants comply with requirements for OTC derivatives trade reporting.
President and CEO of DTTC Michael Bodson said, “By establishing a global data center in Asia, DTCC is working to ensure the regions’ regulators have the ability to gain seamless and timely access to the transaction data relevant to their areas of jurisdiction. Our new Singapore facility is part of the company’s global network of operations established to provide robust, 24/7 OTC derivatives trade reporting and processing services to regulators and market participants around the world.” Mr. Bodson also stated, “The
opening of our office and Asia data center in Singapore demonstrates DTCC’s commitment to bringing more transparency and risk mitigation to the global OTC derivatives market. We continually strive to provide the financial system with an infrastructure that improves functionality and risk controls for all involved.”
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