Desperately Seeking Automation
BEFORE THE SPIN
The demand for technologies to automate the over-the-counter (OTC) credit derivatives processing space is heating up—as evidenced last week by the actions of the Depository Trust and Clearing Corp. (DTCC).
In response to the need for greater transaction accuracy, the DTCC unveiled its AffirmXpress platform for single-screen affirmations that links to the DTCC's Deriv/Serv automated matching and confirmation service. The new capability allows traders and front-office staff to affirm credit
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