Full-Time
No salary listed
Mid, Senior
Tampa, FL, USA
3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee)
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Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
1973
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Health Insurance
Life Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Hybrid Work Options
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced significant achievements in handling unprecedented market volatility, showcasing the firm’s robust technology infrastructure, resiliency, and risk management capabilities.During the recent market volatility, DTCC reached new peak values and volumes across platforms and services:National Securities Clearing Corporation (NSCC): On April 9, NSCC achieved a new peak value of $5.55 trillion, a 6.4% increase from the previous peak of $5.22 trillion on December 20, 2024. Additionally, NSCC reached a new peak volume of 545 million transactions on April 7, a 33% increase from the previous peak of 409 million transactions during the “meme stock” event on January 27, 2021. Q1 2025 monthly NSCC volume averages were 15% higher than the previous quarter and 29% higher year-over-year. Fail rates remain consistent with a T+2 environment, as they have since T+1 was introduced in the U.S. in May 2024.Fixed Income Clearing Corporation (FICC): As previously announced , FICC’s Government Securities Division (GSD) hit a new peak of over $11 trillion on April 9, successfully processing $11.4 trillion in transactions and representing an 8.88% increase from the prior peak of $10.47 trillion on February 28, 2025. On April 9, FICC reached a new peak volume of 1.206 million transactions, a 23% increase from the previous peak of 978 thousand transactions on April 7, 2025
In the Annual Report 2024, Frank La Salla, President, Director, and Chief Executive Officer of DTCC, reflects on a year marked by historic changes to market structure in the financial industry. Despite the challenges, DTCC emerged stronger, demonstrating its leadership and commitment to innovation.One of the most significant industry initiatives in 2024 was the successful implementation of T+1 in North America. This transition to a shorter settlement cycle required extensive testing and preparation, and DTCC played a pivotal role in steering the industry towards a seamless conversion. The move to T+1 was no different in how DTCC collaborated and coordinated with market stakeholders to deliver on this massive initiative and achieve all the benefits that it promised the industry, including returning $3 billion in liquidity to the marketplace through a reduction in the clearing fund, driving same-day affirmations of transactions to a historic 95%.La Salla, commented, “T+1 is just one example of how DTCC strengthened its position as a global leader and strategic partner in 2024, which named our Year of Execution given the criticality of the imperatives on our agenda.”As several countries in Europe mobilize to implement T+1, DTCC is sharing its knowledge and best practices to support their efforts. While continuing to elevate the firm, DTCC also advances other important initiatives, including U.S. Treasury clearing, derivative rule refits globally, digital asset adoption and modernizationIn a relatively short amount of time, DTCC’s new Digital Assets business has positioned the company as a global leader in the development of the digital asset ecosystem
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Fixed Income Clearing Corporation (FICC) subsidiary processed a series of record volumes last week, reaching an all-time high of over USD$11 trillion in U.S. Treasury cleared transactions on April 9, a significant milestone in FICC’s history of processing government securities transactions.“FICC’s record volumes come amid heightened market volatility and underscore the critical role that FICC plays in promoting the stability and resiliency of the U.S. Treasury market,” stated Laura Klimpel, Managing Director, Head of DTCC’s Fixed Income and Financing Solutions. “Even in times of market stress, FICC’s ability to effectively process historically high volumes reaffirms the strength of the central clearing model in safeguarding the integrity of the world’s deepest and most liquid market. It also demonstrates the essential value that FICC provides as a critical infrastructure, mitigating risk and reinforcing confidence across financial markets.”
In a related development, the Depository Trust & Clearing Corporation (DTCC) has launched AppChain, a new platform designed for real-time management of these tokenized assets.
The Depository Trust Clearing Corporation (DTCC) has launched a new tokenized real-time collateral management platform, signaling a major institutional commitment to decentralized finance infrastructure in the United States.The initiative is built as an AppChain and represents the first industry-wide use of a blockchain-native financial network to facilitate digital asset-backed collateral operations across markets.Institutional Backbone Embraces Blockchain InfrastructureDTCC’s platform introduces a live digital collateral system that enables near real-time settlement and automated collateral operations via smart contracts. Built on LF Decentralized Trust’s Besu blockchain and supported by DTCC ComposerX, the system operates as part of the broader DTCC Digital Launchpad ecosystem introduced in October 2024.According to the organization, the platform will be publicly demonstrated on April 23 during “The Great Collateral Experiment,” a live showcase of cross-market use cases.The new approach aims to address long-standing inefficiencies in collateral workflows by streamlining asset movement across historically siloed infrastructure. As DTCC’s Global Head of Digital Assets, Nadine Chakar, stated, the model provides a more open, flexible, and institutionally viable framework than earlier digital collateral pilots. Chakar said,“We plan to continue building on this collateral model, engaging with the industry and our regulators to develop the standard for tokenized collateral across global jurisdictions.”CTO Dan Doney further emphasized that real-time collateral mobility represents a “killer app” for blockchain in traditional finance, potentially unlocking liquidity during volatile conditions without compromising operational integrity.DTCC processed $3 quadrillion in securities transactions in 2023 and holds custody of over $85 trillion in assets, making its endorsement a landmark moment in the broader adoption of tokenized systems.DTCC’s launch is emblematic of a broader movement across the US financial sector to integrate blockchain-based tokenization. The market for tokenized real-world assets surpassed $19 billion, up from $10 billion a year prior. Tokenized US Treasuries alone have reached $4.9 billion in value, and tokenized private credit now exceeds $12.4 billion.tokenized assets (Source: rwa.xyz)Parallel initiatives from financial giants, including BlackRock, JP Morgan, Apollo, and Franklin Templeton, reinforce the institutional shift