DTCC received regulatory approval from the U.S. SEC to launch its Alternative Investment Products. Back in April, DTCC has been selected to provide a clearance and settlement solution for Turquoise.
The Depository Trust & Clearing Corporation received regulatory approval from the U.S. SEC to launch its Alternative Investment Products (AIP) suite of services. AIP, a service platform that links broker/dealers, fund managers, administrators and custodians, will provide settlement of subscriptions and redemptions for various alternative investment vehicles, automating the exchange of all trade-related account information.
Back in April, DTCC has been selected to provide a clearance and settlement solution for Turquoise, a consortium of seven major financial institutions that are working to develop a new pan-European trading platform. EuroCCP will provide all clearing, settlement and risk management services to Turquoise.
End May CCorp and DTCC have signed an agreement that facilitates central counterparty services (CCP) for the OTC derivatives marketplace.
Press release
© DTCC - Depository Trust & Clearing Corporation
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