DTCC’s Alternative Investment Product Reaches New Milestone, With Over 2,500 Unique Clients Leveraging the Service
DTCC’s Alternative Investment Product adoption continues to grow, providing users with standardized transaction and reporting data in support of alternative investment processing lifecycle.
New York/London/Hong Kong/Singapore/Sydney, September 23, 2024 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Alternative Investment Product (AIP) service has reached a significant milestone, with 2,500 unique clients now leveraging the service. This growth is attributed to clients’ enhanced understanding of the value AIP brings to their organization, specifically in the post-trade reporting space.
“Our continued client growth demonstrates the value of the AIP service. By removing manual transactions, standardizing data and accelerating the processing lifecycle in alternative investments, firms can lower their operational risks and costs,” said Justin Schwartz, Executive Director, Product Management for Wealth Management Services at DTCC.
DTCC’s AIP service is a centralized trading and reporting platform that connects the alternative investments industry to exchange data, securely and efficiently. The service includes standardized money settlement for orders, distributions and other financial activity. AIP is strategically situated between product providers or issuers and distributors, acting as a transaction processing and trade execution channel.
Added Schwartz, “AIP was created with a vision to modernize and transform the alternatives industry by introducing a centralized, universal standard for processing, reporting and settling transactions. With our community continuing to grow, we are making this vision a reality while reducing costs and risks for the industry.”
About DTCC
With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2023, DTCC’s subsidiaries processed securities transactions valued at U.S. $3 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $85 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 20 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook, and Instagram.
