FX repository moves to production ahead of October launch

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The new global trade repository for over-the-counter foreign exchange contracts being developed by the Depository Trust & Clearing Corporation (DTCC) took a major step forward this week with the start of user testing, the DTCC announced this morning.

The development comes almost a year after the DTCC was chosen to develop the repository in July 2011, following a lengthy selection process facilitated by the global FX division of the Global Financial Markets Association (GFMA). User testing began

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