DTCC Collaborates with Amazon to Migrate Core Systems to Cloud by End of Decade
The Depository Trust & Clearing Corporation (DTCC) is partnering with Amazon to shift its core systems to the cloud. The migration, which manages U.S. stock trade clearing and settlement, began with planning stages. Completion is targeted for the end of the decade. @business reported on the collaboration and timeline.
ecns.cn# DTCC Partners with Amazon on Cloud Migration for Core Systems The Depository Trust & Clearing Corporation (DTCC) is working with Amazon to move its core systems to the cloud. S. stock trades. The migration process began with planning stages involving DTCC and Amazon.
Core systems include trade clearing functions. @business reported on the collaboration and timeline. DTCC plans to complete the cloud migration by the end of the decade.
Migration Timeline and Scope Completion of the migration is targeted for the end of the decade.
U.S. stock trade clearing and settlement. Planning stages marked the initial involvement of DTCC and Amazon.
Role of Core Systems DTCC's core systems manage the clearing and settlement of U.S. stock trades.
These systems include trade clearing functions. The cloud migration aims to transition these operations.
Reporting on the Collaboration @business reported on the collaboration and timeline.
The report covers DTCC working with Amazon on the cloud move. It details the end-of-decade completion target.
Story Timeline
3 events- Ongoing, targeting end of decade
DTCC plans to complete cloud migration by end of decade.
1 sourceunattributed - Recent
Migration process began with planning stages involving DTCC and Amazon.
1 sourceunattributed - Current
DTCC is working with Amazon to move core systems to the cloud.
1 sourceunattributed
Potential Impact
- 01
Enhanced scalability for U.S. stock trade processing through cloud infrastructure.
- 02
Potential improvements in efficiency for DTCC's clearing and settlement operations.
- 03
Shift from on-premises to cloud may reduce operational costs over time.
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