Spotlight on... Stewart Macbeth, DTCC

Abstract

For the Depository Trust & Clearing Corp (DTCC), the news in July that it had been selected by the global foreign exchange division of the Association for Financial Markets in Europe to develop a trade repository for the foreign exchange market in partnership with messaging provider Swift marked something of a coup. According to Stewart Macbeth, general manager of the DTCC's global repository business in London, the firm's experience in developing repositories in other asset classes made it a natural choice for the FX market, which stands to be more complex given the sheer volume of trades transacted on a daily basis.