The Depository Trust Clearing Corporation has worked diligently over the past 20+ years to innovate and modernize its range of ETF products and services.
On January 22, 1993, DTCC cleared and settled the first trades placed on ETFs. Fast-forward nearly 25 years later, the ETF industry has matured both in terms of product availability and assets under management with the latter continuing to demonstrate rapid growth year over year. Even as the universe of exchange-traded products expands and becomes ever more complex, central counterparty (CCP) clearing of ETFs continues to offer the same essential benefits it provided in 1993; most critically, centralization, standardization, risk reduction, and operational efficiency.
To view the complete white paper, see the The Evolution of ETF Clearing: Opportunities Ahead.