DClear is a wholly -owned subsidiary of DIFC Investments, established to build a strategic financial technology and services infrastructure of worldwide scope. DClear intends to create a set of utilities for financial markets. The company’s initial interests lie in reference data and highly automated trade processing for a number of markets.
DClear’s goal is to create a set of utilities that establish common, shared information and trade processing services.
- Reduce trade breaks through shared access to common information that has been checked and validated as a single point of reference to banks, custodians, brokers, hedge funds, prime brokers and asset managers
- Deliver efficiencies from inter-company collaboration tools to professional trading and back office processing groups
- Create the next level of efficiency and cost effectiveness beyond offshore outsourcing for post trade processing
Starting with SmartStream, a global provider of enterprise-wide, real-time Transaction Lifecycle Management (TLM) solutions, DClear is set to make several acquisitions that will create compelling utilities for the Financial Services industry.
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