DTCC’s GTR to Launch MiFID/R Reporting Capabilities by 2026
The Depository Trust & Clearing Corporation (DTCC) has announced plans to expand its Global Trade Repository (GTR) with a new ARM service for MiFID/R reporting. This addition aims to support evolving transaction and trade reporting requirements across the UK and EU.
About GTR’s MiFID/R Expansion
DTCC plans to launch the MiFID/R ARM service in the UK by the first quarter of 2026. The EU rollout will follow in alignment with forthcoming regulatory changes. The launch is subject to regulatory approval in both regions.
The service will support transaction reporting under MiFID III and MiFIR II. It includes built-in data quality analytics and smart tools to assist firms with monitoring, controls, and exception handling.
A dedicated back-reporting channel will process submissions in sequence, using a queuing system to ensure order and accuracy. Clients will also receive end-of-day reports to help resolve issues promptly.
Strategic Value for Firms
By integrating MiFID/R capabilities, GTR offers a single platform for both derivatives and securities trade reporting. This helps firms reduce costs, improve governance, and strengthen operational risk and control processes.
Benefits for Users
This update will likely have these benefits for users:
Simplified Compliance Process
Firms can meet MiFID III/MiFIR II reporting requirements directly through GTR. This removes the need for separate platforms and reduces manual reporting tasks.
Faster Issue Resolution
The service provides end-of-day reports, helping users identify and fix reporting errors quickly before they escalate.
Better Data Accuracy
Built-in data quality analytics help users detect gaps or inconsistencies in their reports, improving the accuracy of submitted data.
Improved Operational Oversight
Smart tools support monitoring and exception management, giving firms more control over their reporting processes.
Smoother Back-Reporting
The dedicated back-reporting channel ensures reports are processed in order. It reduces the risk of delays or rejections from regulators.
Stronger Risk and Controls Management
Centralized reporting with automated checks helps reduce reporting errors, limit exposure to regulatory fines, and strengthen internal control systems.
About DTCC
The Depository Trust & Clearing Corporation (DTCC) is a U.S.-based financial services company. It provides clearing, settlement, and information services for various securities, including equities, bonds, and derivatives. DTCC emerged from the merger of the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC). Both were founded in the 1970s to address the paperwork crisis in the securities industry. DTCC’s primary goal is to enhance the efficiency and security of financial markets by automating and centralizing the post-trade process.
Summing Up
DTCC’s new service provides firms with a consolidated, efficient solution to meet MiFID III/MiFIR II reporting requirements. Pending regulatory approvals, the phased rollout will begin in early 2026.
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