DTCC Launches Enhanced Access to Critical Money Markets Data as Firms Navigate Heightened Volatility
New York/London/Hong Kong/Singapore/Sydney, October 20, 2020 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that its DTCC Money Market Kinetics service has been enhanced to deliver more frequent updates to critical data, helping to provide increased transparency into the volatility that has been impacting money markets since the start of the COVID-19 pandemic.
Understanding that access to data has become even more critical during periods of increased market uncertainty, DTCC recently updated the DTCC Money Market Kinetics service to deliver data on money market instruments on a timelier and more comprehensive basis. Data previously delivered once-a-day will now be delivered every 30 minutes. Users will also receive additional data fields such as country code, sector, and duration from issuance to support advanced market and issuer analytics. Additionally, users will now get access to an end-of-day file, containing all transactions for that day. With these changes, clients will receive a more timely and detailed view of the sectors and countries that are driving the money markets throughout the day, facilitating deeper insights into market sentiment and better informed business and investment decisions.
DTCC Money Market Kinetics provides daily and intraday feeds of anonymized Commercial Paper (CP) and Institutional Certificates of Deposit (CD) secondary settlement transactions data to enhance the analysis of this significant market leveraging data from DTCC’s settlement subsidiary, The Depository Trust Company (DTC).
“Considering the volatility and market dislocation experienced in 2020, transparency into liquidity, valuation, and risk in fixed-income markets has become increasingly important. DTCC has worked closely with the financial services industry over the last several years to identify opportunities to leverage transactional data in ways that provide market participants with increased visibility into market activity and empower better informed business decisions,” said Tim Lind, Head of DTCC Data Services. “DTCC Money Market Kinetics provides valuable and unique insights into the ~$3 trillion money markets, now with more timely and comprehensive access to that data.”
With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 15 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2019, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.15 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $63.0 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes over 14 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.
About DTCC Data Services
DTCC Data Services offerings provide referential and activity-based data provisioning that delivers fixed and configurable data solutions sourced from DTCC’s transaction, reference, position and asset servicing data covering all major asset classes. As the largest depository in the world and the primary infrastructure in the U.S. for clearing, settlement and asset servicing, DTCC is a leading service provider to the financial markets and a trusted primary source for post-trade data. As part of DTCC Data Services, DTCC Kinetics offerings provide insights into movements and trends across select market segments and asset classes.