DTCC, a market infrastructure for the global financial services industry, has launched OTC Direct Connect, a service providing “seamless access” to OTC derivatives transactions data that are reportable in the US and Canada.
With OTC Direct Connect, investment professionals, data vendors, and business support teams who are active in the derivatives markets gain access to a fast and frictionless data delivery solution helping subscribers manage market risks and trading risk factors in near real-time. OTC Direct Connect eliminates manual data collection methods, providing scalability and automated access to DTCC Data Repository (US) LLC’s (DDR) Public Price Dissemination Dashboard (PPD Dashboard) published data.
OTC Direct Connect subscribers receive data on Amazon Web Services (AWS) through AWS Data Exchange where clients can easily find, subscribe and use third-party data in the cloud. AWS Data Exchange also natively integrates with other AWS services for a frictionless experience, including Amazon Simple Storage Service (Amazon S3), Amazon Athena and Amazon Redshift, which can be used to streamline data storage and ingestion into a subscriber’s own systems and applications