DTCC reports record volumes across services amid market volatility
25 April 2025 US
Image: Parradee/stock.adobe.com
The Depository Trust & Clearing Corporation (DTCC) has announced “significant achievements” after reaching new peak values and volumes across platforms and services during recent market volatility.
The National Securities Clearing Corporation (NSCC) achieved a new peak value of US$5.55 trillion on 9 April — a 6.4 per cent increase from the previous peak of US$5.22 trillion on 20 December.
The NSCC also reached a new peak volume of 545 million transactions on 7 April, representing a 33 per cent increase from the previous peak of 409 million transactions during the ‘meme stock’ event on 27 January 2021.
Lynn Bishop, managing director and chief information officer at DTCC, comments: “Our platforms undergo rigorous and continuous performance and resiliency testing to ensure they can handle peak volumes.
“At the same time, we continually invest in our infrastructure to ensure we remain able to manage market stresses and effectively deliver services.”
As previously announced, the Fixed Income Clearing Corporation (FICC) hit a new peak of more than US$11 trillion on 9 April, representing an 8.88 per cent increase from the prior peak of US$10.47 trillion on 28 February.
Additionally, the FICC reached a new peak volume of 1.206 million transactions on 9 April, which is a 23 per cent increase from the previous peak of 978,000 transactions two days prior.
Overall, Q1 2025 monthly FICC volume averages were 4 per cent higher than the previous quarter and 32 per cent higher year-over-year.
Tim Cuddihy, managing director and group chief risk officer at DTCC, adds: “We continually monitor our risk management framework and margin models to assess risk reduction, performance, and predictability across a wide range of market conditions.
“All is done with one thing in mind — the safety of the markets, firms, and underlying investors.”
The National Securities Clearing Corporation (NSCC) achieved a new peak value of US$5.55 trillion on 9 April — a 6.4 per cent increase from the previous peak of US$5.22 trillion on 20 December.
The NSCC also reached a new peak volume of 545 million transactions on 7 April, representing a 33 per cent increase from the previous peak of 409 million transactions during the ‘meme stock’ event on 27 January 2021.
Lynn Bishop, managing director and chief information officer at DTCC, comments: “Our platforms undergo rigorous and continuous performance and resiliency testing to ensure they can handle peak volumes.
“At the same time, we continually invest in our infrastructure to ensure we remain able to manage market stresses and effectively deliver services.”
As previously announced, the Fixed Income Clearing Corporation (FICC) hit a new peak of more than US$11 trillion on 9 April, representing an 8.88 per cent increase from the prior peak of US$10.47 trillion on 28 February.
Additionally, the FICC reached a new peak volume of 1.206 million transactions on 9 April, which is a 23 per cent increase from the previous peak of 978,000 transactions two days prior.
Overall, Q1 2025 monthly FICC volume averages were 4 per cent higher than the previous quarter and 32 per cent higher year-over-year.
Tim Cuddihy, managing director and group chief risk officer at DTCC, adds: “We continually monitor our risk management framework and margin models to assess risk reduction, performance, and predictability across a wide range of market conditions.
“All is done with one thing in mind — the safety of the markets, firms, and underlying investors.”
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