DTCC was awarded Best Trade Reporting Solution award at the 7th Regulation Asia Awards for Excellence 2024

The Best Trade Reporting Solution award celebrates solutions that empower organisations to meet complex regulatory reporting requirements with high data accuracy, operational efficiency, and alignment with regulatory standards. This category recognises solutions that elevate data practices, improve trade reporting accuracy and reliability, and provide comprehensive support for firms seeking to adapt to evolving regulatory demands.

DTCC was recognised for the combination of its Global Trade Repository (GTR) service, DTCC Consulting Services, and Report Hub platform – which together form an end-to-end package for facilitating compliance with single and multi-jurisdictional trade reporting requirements. The GTR allows reporting through a single portal, leveraging cloud infrastructure partnerships with AWS and Snowflake to offer additional scalability and flexibility.  The GTR enables firms to manage and scale increasing trade volumes efficiently, while its dynamic testing tools and platforms have supported the global industry in their preparation for the global trade reporting rules changes.

Meanwhile, DTCC Consulting Services and Report Hub enable firms to meet their trade reporting obligations for OTC derivatives transactions efficiently and effectively. DTCC Report Hub in particular allows users to access a comprehensive suite of pre and post reporting capabilities to help mitigate compliance risk, enhance operational efficiencies and drive down costs, while also ensuring high quality data reporting.

Judges on the Regulation Asia Awards panel commended DTCC for its alignment with evolving APAC and global regulatory standards, highlighting its adaptability to ongoing regulatory changes and significant efforts to help promote global regulatory harmonisation. “DTCC has demonstrated a commitment to the success of clients navigating complex reporting requirements, evident through its consulting services, diagnostic tools, training programmes and guidance documents, which are typically made available long before new regulatory requirements come into effect,” said one judge on the panel.

“This award underscores the vital role of robust trade reporting solutions in ensuring compliance and data integrity across the industry, which facilitates risk monitoring by regulators,” said Bradley Maclean, Co-founder of Regulation Asia and Chair of the Awards Committee. “DTCC’s GTR and Report Hub exemplify how innovative reporting solutions can support firms in navigating complex regulatory requirements while upholding high data quality and operational efficiency standards. As trade volumes and regulatory demands continue to grow, firms like DTCC are crucial in shaping a transparent and compliant future for the financial sector.”

About the Regulation Asia Awards for Excellence 2024

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.

For a full list of the award 2024 winners, visit www.regulationasia.com/awards.

About Regulation Asia

Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 13,000+ subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.

Visit www.regulationasia.com or connect via LinkedIn or Twitter.