DTCC launches new API marketplace
The Depository Trust & Clearing Corporation (DTCC) has launched its Application Programming Interface (API) Marketplace (Marketplace) to provide its clients, partners and internal developers with a single, central location for APIs developed by DTCC, streamlining access to services and improving the user experience.
“APIs will continue to play an important role in the future of financial services across the retail, institutional and post-trade areas,” says Lynn Bishop, CIO at DTCC. “In the on-demand, personalised service age of Netflix, Hulu and Amazon, expectations have evolved, with clients now wanting to access services in different ways that are unique to their individual business needs. We are pleased to launch our new Marketplace and provide clients with API access that delivers the flexibility they need to conduct business the way they want to.”
DTCC’s Marketplace is an online DTCC API “App Store”, allowing direct programmatic access to DTCC processing functionality. The Marketplace includes comprehensive documentation and training materials to help developers use the APIs.
“The role of technology in advancing the financial services industry is more critical than ever, enabling firms to better meet the evolving needs of clients,” Bishop adds. “APIs are the building blocks of this digital transformation, and in today’s interconnected world, they have risen in prominence and become important to every facet of the enterprise. We look forward to taking advantage of this new technology for the benefit of DTCC and our clients.”