Depository Trust & Clearing Corporation

The Depository Trust & Clearing Corporation, known as DTCC, is the post-trade market infrastructure at the center of the US financial system, and it maintains an office in Boston’s Seaport. DTCC clears and settles securities transactions, safeguards about 90 percent of all US securities, and settles trillions of dollars in government securities each day. Its work focuses on automating, centralizing and standardizing the processes that keep markets safe and sound, for about 5,600 client firms in 95 countries.

The organization has more than 50 years of history in strengthening financial markets. Current priorities include tokenization infrastructure that connects traditional and digital markets, the industry’s move to expanded central clearing of US Treasuries, faster settlement cycles such as the shift to T+1, and capital and liquidity efficiencies through clearing and netting. Frank La Salla serves as president and chief executive, and the company works alongside clients, regulators and industry groups to modernize markets.

What to Know

• Netting removes about 99 percent of equity settlement obligations before they need to settle.
• DTCC has partnered with iCapital to strengthen infrastructure for private markets.
• Nadine Chakar leads DTCC Digital Assets as global head.
• Employees have access to mentorship, employee resource groups, volunteer opportunities and professional development programs.