The Depository Trust and Clearing Corporation (DTCC) has launched an Application Programming Interface (API) marketplace for its clients, partners and internal developers.
The online DTCC API service catalogue will provide direct access to the depository’s processing functionality, along with the documentation and training materials to help developers use the APIs.
A service catalogue is a collection of business or technology related services that can be performed by or for an enterprise.
The DTCC recently launched its first API for its Risk Management as a Service, which allows firms to analyse and manage risk across functions and activities. The activities involve monitoring, surveillance and regulatory compliance.
“We are pleased to launch our new API marketplace,” said Lynn Bishop, CIO of DTCC.
“Our technology [may well] enable firms to better meet the evolving risk management needs of clients.”
Bishop added: “APIs will continue to play an important role in the future of financial services across the retail, institutional and post-trade areas.”
The DTCC also launched a beta version of its Real Price Observations Data Service (RPODS) in late 2019, which is positioned as an enabler for Fundamental Review of the Trading Book (FRTB) compliance.
RPODS’s aim is to enable the mapping of non-modellable risk factors to a pool of global derivatives data to gain insights.
It was released as part of the firm’s aim “to deliver a pooled data solution that will help banks build the business case for internal model approval.”
There are additional APIs for other DTCC products and services that are in development, which will look to help clients update claims against Corporate Action events. Some of these APIs will be launched later this year.
