The Depository Trust & Clearing Corporation (DTCC), the market infrastructure for the global financial services industry, has launched an enhanced version of its money markets kinetics service to deliver more frequent updates to critical data.
DTCC money market kinetics provides insights into the $3 trillion money markets, “now with more timely and comprehensive access to that data,” according to Tim Lind, head of DTCC data services.
The bolstered service has been launched to help provide increased transparency into the volatility that has been impacting money markets since the start of the COVID-19 pandemic.
The update of DTCC’s money market kinetics service is aimed at delivering data on money market instruments on a more timely and comprehensive basis.
Data will now be delivered every 30 minutes and users will also receive additional data fields such as country code, sector, and duration from issuance to support, what DTCC describes as, advanced market and issuer analytics.
Additionally, users will now get access to an end-of-day file, containing all transactions for that day.
With these updates, clients will receive a more timely and detailed view of the sectors and countries that are driving the money markets throughout the day, DTCC says.
A statement released by DTCC reveals that this will help “facilitate deeper insights into market sentiment and better-informed business and investment decisions”.
DTCC money market kinetics provides daily and intraday feeds of anonymised commercial paper and institutional certificates of deposit, secondary settlement transactions data to enhance the analysis of this significant market leveraging data from DTCC’s settlement subsidiary, the Depository Trust Company.
Lind adds: “Considering the volatility and market dislocation experienced in 2020, transparency into liquidity, valuation, and risk in fixed-income markets has become increasingly important.
“DTCC has worked closely with the financial services industry over the last several years to identify opportunities to leverage transactional data in ways that provide market participants with increased visibility into market activity and empower better-informed business decisions.”
