DTCC and Swift work to develop forex trade repository

07/18/2011 | Risk.net (subscription required)

Depository Trust & Clearing Corp. and Swift, a networking and messaging provider based in Brussels, say they are progressing in their development of a trade repository for currency transactions. DTCC will utilize its expertise in repository services, while Swift will offer its current foreign-exchange derivatives messaging traffic. "We are keen to offer a global solution as we believe this is the best solution for users, regulators and the public," said Stewart Macbeth, general manager of repository services at DTCC.

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