DTCC/Swift win FX repository mandate
New York-based Depository Trust & Clearing Corporation (DTCC) and Brussels-based networking and messaging provider Swift have been selected to jointly provide the trade repository for the foreign exchange market, it was announced today.
The decision ends an eight-month selection process that began informally last November and stepped up a gear in April with the issuance of a public request for proposal (RFP) by the global FX division of the Association for Financial Markets in Europe (Afme).
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