DTCC Launches OTC Direct Connect
Posted by Colin Lambert. Last updated: November 9, 2023
DTCC has launched a new service, OTC Direct Connect, that provides access to OTC derivatives transactions data that are reportable in the US and Canada.
The infrastructure provider says the new service enables firms that are active in the derivatives markets to gain access to a frictionless data delivery solution helping subscribers manage market risks and trading risk factors in near real-time. It also eliminates manual data collection methods, providing scalability and automated access to repository and other published data.
“This solution systematically and seamlessly disseminates OTC derivatives transaction data to interested parties,” says Tim Lind, managing director of DTCC Data Services. “OTC Direct Connect improves transparency in the OTC derivatives markets, as intended by regulatory disclosure mandates, by providing subscribers with improved information access.”
Subscribers receive data on Amazon Web Services (AWS) through AWS Data Exchange, where they can find, subscribe and use third-party data in the cloud. AWS Data Exchange also natively integrates with other AWS services for a frictionless experience, including Amazon Simple Storage Service (Amazon S3), Amazon Athena and Amazon Redshift, which can be used to streamline data storage and ingestion into a subscriber’s own systems and applications.