Today the Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced that its Omgeo Alert solution, a global repository for storing standing settlement instruction (SSI) data, has completed enhancements to become the industry’s single and centralized ‘SSI Utility.’
With 6.6 million settlement instructions as of year-end 2016, an increase of 15% over 2015, DTCC remains committed to driving the industry towards automating and replacing onerous, manual processes.