FX repository aiming for mid-2012 launch, says DTCC

Stewart Macbeth at the DTCC
Stewart Macbeth, DTCC

The Depository Trust & Clearing Corporation (DTCC), which in July was selected by the global foreign exchange division of the Global Financial Markets Association to develop a trade repository for the FX market, expects the new utility to go live around mid-2012, but the timeline is still uncertain as the firm builds the necessary infrastructure and awaits further regulatory clarity.

"Our plans are still broad in relation to when the FX repository will be in production. The repository will cover

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