Date Added: Jun 2009
DTCC provides clearance, settlement and information services for a wide range of financial instruments. DTCC's depository provides custody and asset servicing for 2.8 million securities issues from the United States and 100 other countries and territories, valued at US$39 trillion. To meet the additional processing demands and new service development requirements of these new markets, DTCC needed scalability, reliability and flexibility in its processing platform. DTCC teamed with IBM to re-architect its core processing infrastructure to enable it to push its already world-leading transaction capabilities even further to accommodate DTCC's global growth vision. IBM's assistance in moving the company toward service-oriented architecture is a key part of DTCC's drive toward increased flexibility.