The regulator wants to harmonize reporting requirements and ensure data quality.
Investments will continue in the DTCC Report Hub service as regulations evolve.
The European trade repository is a joint venture between Clearstream and Iberclear.
The new service will help improve execution quality assessment across brokers.
The deal extends full front-to-back trade lifecycle services.
The new Value Reporting Foundation will simplify corporate reporting.
Global investors representing over $9 trillion in assets write to 36 of Europe’s largest companies.
Majority of firms have had to change their reporting due to inefficiencies and errors.
Investors will have a better understanding of where liquidity exists.