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DTCC has announced that it will add a Markets in Financial Instruments Directive/Regulation (MiFID/R) Approved Reporting Mechanism (ARM) service to its Global Trade Repository (GTR). This addition consolidates derivatives and securities transaction submissions and helps firms meet updated compliance requirements.
The service will provide firms with tools to fulfill transaction reporting obligations under MiFID/R. Features include data quality analytics, monitoring tools, and exception management functions. A back-reporting channel will support queuing and sequential processing for regulatory submissions.
“The service will launch in the UK by the first quarter of 2026”
Michele Hillery, Managing Director and Head of Repository and Derivatives Services at DTCC, commented, “We look forward to working closely with key stakeholders to launch the new GTR MiFID/R capabilities. DTCC is uniquely positioned to help clients comply with forthcoming mandates while modernizing and optimizing their operational processes.”
DTCC has confirmed that the service will launch in the UK by the first quarter of 2026, subject to regulatory approval. The European rollout will follow based on upcoming regulatory changes.
The expansion of MiFID/R capabilities reinforces DTCC’s role as the only industry-owned trade repository provider with a single global platform for derivatives and securities transaction compliance.
DTCC and CME Group expand cross-margining
DTCC and CME Group recently confirmed plans to expand their cross-margining arrangement, allowing end users to access increased margin savings and capital efficiencies by December 2025.
The enhancement, subject to regulatory approval, will extend existing benefits to clients trading U.S. Treasury securities and CME Group interest rate futures with offsetting risk exposures.
The initiative enables eligible end-user clients at CME Group and the Government Securities Division (GSD) of DTCC’s Fixed Income Clearing Corporation (FICC) to participate in cross-margining. To qualify, clients must use the same dually registered Futures Commission Merchant (FCM) and broker-dealer, as recognized by the SEC, across both central counterparties (CCPs).
Under the proposed arrangement, FICC will designate cross-margin accounts, enabling all eligible positions in those accounts to offset against CME Group interest rate futures. CME Group will allow participants to direct futures into end-user cross-margin accounts throughout the day, ensuring offsets are available under the expanded program.
The initiative aligns with regulatory efforts to expand U.S. Treasury clearing requirements, encouraging broader adoption of central clearing and reducing systemic risk. Ahead of regulatory approvals, firms can begin setting up accounts, completing necessary legal documentation, and testing workflows.
