As financial markets in the EU gear up for upcoming regulatory changes, the Depository Trust & Clearing Corporation (DTCC) is taking proactive steps to enhance its Global Trade Repository (GTR) service with advanced MiFID/R reporting capabilities.
Scheduled for launch in early 2026 pending regulatory approval, this integration aims to empower financial firms to streamline their transaction reporting obligations and bolster compliance processes.
The decision to introduce a Markets in Financial Instruments Directive/Regulation (MiFID/R) Approved Reporting Mechanism (ARM) service is a strategic response to the evolving regulatory landscape in the UK and EU.
Michele Hillery, DTCC Managing Director and Head of Repository and Derivatives Services, expressed enthusiasm for the industry’s evolving needs, stating, “In support of the industry’s evolving trade and transaction reporting needs, we look forward to working closely with key stakeholders to launch the new GTR MiFID/R capabilities in early 2026 following regulatory approvals.”
The enhanced capabilities will equip firms with efficient tools to meet transaction reporting obligations while offering features like data quality analytics, enhanced monitoring controls, and issue resolution mechanisms.
Moreover, the service will include a back-reporting channel with queuing and sequential processing for regulatory authorities, along with a suite of end-of-day reports to facilitate timely reconciliation and compliance.
By consolidating trade and transaction reporting across derivatives and securities markets, DTCC’s GTR integration aims to help financial firms optimize costs, enhance governance, and improve operational risk management.
Navigating the implementation challenges of MiFID III and MiFIR II requires robust reporting solutions, and DTCC’s expanded GTR offering aims to address these complexities effectively.
With a proven track record of supporting market participants during regulatory transitions, DTCC’s commitment to simplifying compliance through MiFID/R reporting underscores its role as a critical infrastructure provider in global financial markets.
As regulatory frameworks continue to evolve, financial firms will increasingly rely on solutions like DTCC’s expanded GTR service to navigate trade and transaction reporting complexities seamlessly.
This article has been rewritten for a WordPress platform, integrating seamlessly into the content management system for easy publication and distribution.