DTCC forex repository hits launch deadline, despite bank delays

Global connections

Almost two years after the foreign exchange industry first began the process of selecting a provider of trade repository services to enable it to comply with G-20-driven reporting requirements, the Depository Trust & Clearing Corporation (DTCC), which was chosen in July 2011, was today ready to begin accepting FX trades in line with deadlines set by the Commodity Futures Trading Commission (CFTC).

While dealers had originally expected to be mandated to report their FX trades under the Dodd-Frank

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