About DTCC INSTITUTIONAL TRADE PROCESSING
DTCC Institutional Trade Processing (DTCC ITP) is a business unit of The Depository Trust & Clearing Corporation (DTCC). DTCC ITP is the operations expert, automating post-trade life cycle events between 6,000 financial services firms in 52 countries. We enable clients to accelerate the clearing and settlement of trades, seamlessly connect and interoperate with their counterparties, and respond to changing market and regulatory conditions.
DTCC ITP operates through the following legal entities, providing services to clients around the globe:
- US: DTCC ITP Matching (US) LLC, DTCC ITP LLC
- Singapore: DTCC Singapore Pte. Ltd.
- Canada: DTCC ITP Matching (Canada) Limited, DTCC Canada Ltd
- Japan: DTCC Japan K.K.
- Hong Kong: : DTCC Hong Kong Limited
- UK: DTCC ITP (UK) Limited
- Australia: DTCC Australia Pty Ltd
DTCC ITP LLC is governed by DTCC Management and overseen by an independent Board of Managers. DTCC ITP LLC has always looked to its community and to its board of managers, representing market participants worldwide, to help guide our strategic business decisions. This has ensured that DTCC ITP has been responsive, innovative and delivered value throughout its history.
|DTCC ITP LLC Board of Managers
Managing Director, Investment Operations
Managing Director and Head of DTCC Solutions
Managing Director and President & CEO, DTCC ITP
Managing Director, Head of Financial Planning & Analysis
Chief Operating Officer - ISS
Global Head of Investment Management Division Operations
Goldman Sachs Asset Management
Managing Director, Global Head of Securities Operations
Managing Director, ISG Product Operations
|Kyla J. LaPierre
Executive Vice President, Global Delivery
|* 2022 Chair (if applicable)
DTCC's Institutional Trade Processing Services
Legal and Regulatory Compliance
Regulation of DTCC ITP LLC in the United States
In the U.S., CTM ® and TradeSuite ID ® services are subject to regulation by the U.S. Securities and Exchange Commission (“SEC”) when used for trades between a broker-dealer and its institutional customer (so long as one or both of such parties is a U.S. person) relating to transactions in securities issued by a U.S. issuer, regardless of where the transactions are settled. No other services currently offered by DTCC ITP LLC are regulated. The SEC regulation which applies to CTM and TradeSuite ID services is an exemption from registration as a clearing agency subject to the conditions set forth in SEC Release No. 34-44188; File No. 600-32; 66 FR 20494 (April 17, 2001) (the “Exemptive Order”). This Exemptive Order requires DTCC ITP Matching (US) LLC (“DTCC Matching”), an affiliate of DTCC ITP, to preserve copies of various details, including any complaint received from a customer, pertaining to the operation of the CTM and TradeSuite ID services. Each of these affiliates is a separate legal entity, subject to the laws and regulations of the particular country or countries in which such entity operates. See www.dtcc.com for a detailed description of DTCC, its affiliates and the services they offer.
Regulation of DTCC ITP Matching (Canada) Limited in Canada
Institutional Trade Processing services (ITP) for the Canada region are provided by one or more of DTCC ITP Matching (Canada) Limited, a corporation with registered office at 199 Bay Street, Suite 4000, Toronto, ON, M5L 1A9, Canada, and DTCC Canada Ltd, a corporation with registered office at 199 Bay Street, Suite 4000, Toronto, ON, M5L 1A9, Canada, is a separate legal entity, subject to the laws and regulations of the particular country or countries in which such entity operates. DTCC ITP Matching (Canada) Limited is subject regulated by the Ontario Securities Commission and the Autorité des marchés financiers in Quebec, Canada.
Regulation of DTCC ITP (UK) Limited in the United Kingdom
DTCC (UK) Limited has been authorised by the Financial Conduct Authority (FCA) to carry out regulated activities in the UK as a Service Company. DTCC's CTM and MTU are regulated services in the UK.
The services described above are provided under the “DTCC” brand name by certain affiliates of The Depository Trust & Clearing Corporation (“DTCC”). DTCC itself does not provide such services. © 2022 DTCC. All rights reserved. DTCC, DTCC (Stylized), ADVANCING FINANCIAL MARKETS. TOGETHER, and the Interlocker graphic are registered and unregistered trademarks of The Depository Trust & Clearing Corporation.
SSAE 18 Audit of Control Environment
On an annual basis, DTCC engages an independent third-party auditor to examine and report on the suitability of the design and operating effectiveness of controls for the most widely used DTCC Institutional Trade Processing solutions. The auditor prepares a Service Organization Control (SOC) 1 Type 2 report in accordance with Statement on Standards for Attestation Engagements (SSAE) No. 18, which was published by the American Institute of Certified Public Accountants (AICPA) and supersedes the SSAE-16 standard for performing an examination of controls and processes. The SOC 1 report addresses controls in various areas, including data accuracy, security and processing timeliness. The report also contains a description of the control environment, including systems and processes, as well as management's assertion about the design and operating effectiveness of this control environment. Please direct SSAE 18 inquiries to your Relationship Manager, a Sales Associate or by contacting DTCC’s Client Contact Center.
If you have any questions, please contact DTCC’s Compliance Department at [email protected].