DTCC Moves Toward 24x5 Trading

Depository Trust and Clearing Corporation ("DTCC") Managing Director Val Wotton described how the organization is focused on expanding to 24x5 trading, and that the organization will expand its clearing windows to enable overnight trading activity.

In a DTCC Connections article, Mr. Wotton said that central clearing and settlement serves as the organization's primary tool for unlocking capital and liquidity for the financial industry. He emphasized that the "shift toward near-continuous trading is ... accelerating" globally and that the organization is working to expand its "clearing windows to enable overnight trading activity" beginning in June.

Mr. Wotton explained that settlement efficiency and operational resiliency are inseparable, noting that removing manual touchpoints directly reduces systemic risk. He said the organization is investing in a modular, resilient technology foundation to modernize its legacy infrastructure. He said this technological transformation will strengthen cybersecurity, improve scalability, and eliminate single points of failure during extreme market events.

Additionally, Mr. Wotton said that recent regulatory green lights have "cleared the path for mainstream tokenization." He asserted that digitizing assets will unlock unprecedented transparency and accessibility in how securities are issued, traded, and settled.