Baton Systems Integrates with DTCC’s FICC and NSCC Clearing Houses Ahead of SEC Mandate
Baton Systems has established direct connectivity between its Core-Collateral® network and DTCC’s Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC). The MOVE comes as financial institutions prepare for the SEC’s U.S. Treasury clearing mandate, which will phase in between December 2026 and June 2027.
The integration enables real-time collateral management and settlement capabilities for institutional participants. Market participants face operational overhauls as the new clearing requirements demand either expanded or entirely new clearing house relationships. Baton’s infrastructure aims to streamline this transition for firms navigating the changing post-trade landscape.