When DTCC undertook a pivotal multi-year consolidation to streamline its equity trade capture systems, the result was the ground breaking Universal Trade Capture (UTC) system. As a result of this new benchmark in trade-capture and reporting processes, the foundation was also laid for a breakthrough in risk management in the post-trade environment: DTCC Limit Monitoring.

Getting Started

About DTCC Limit Monitoring provides an overview of the Limit Monitoring Tool and its development. The Limit Monitoring Tool Webcast explains how to access the application and use important features. Using Limit Monitoring provides process walkthroughs related to Risk Entities, Trade Arrays, Limits & Alerts, End-of-Day Reporting and more. Log in to view DTCC Limit Monitoring content in this Learning Center.

Limit Monitoring

DTCC Limit Monitoring is a web-based, near real-time, post-trade equity risk monitoring tool that provides member firms with an updated snapshot of their own business units' and of their correspondents' and clients’ trading activities. Leveraging NSCC's role as the central counterparty for the U.S. equities market, Limit Monitoring provides member firms with near real-time trade information in a centralized and standard method.

About DTCC Limit Monitoring

The advantages of Limit Monitoring all begin with its quality pool of data. The tool offers access to the largest aggregate trading information in the U.S. equity marketplace. DTCC's clearing data combines virtually all broker-to-broker equity, listed corporate and municipal bond, and UIT trading in the U.S., originating from all exchanges, electronic trading systems and liquidity destinations. Additionally, Limit Monitoring eliminates the noise from millions of cancelled orders in today's markets by only reporting executed trades.

The tool allows NSCC member firms to:

  • Organize their firm’s unsettled trades into units for tracking exposure known as "risk entities."
  • Define the net-notional risk limit for each risk entity.
  • Modify risk limits.
  • Submit start-of-day exposure information.

It also:

  • Allows users to drill down from the risk entity exposure level to the CUSIP and to the individual trade level.
  • Provides on-screen and electronic alerts (systemic & email) early warnings as exposures approach limits.

Given the importance of providing NSCC Members with the ability to conduct post-trade surveillance, and the critical role exposure monitoring plays in preventing risks associated with trading technology errors, the Limit Monitoring tool is available to all NSCC members.  However, NSCC will require that the following Members register and utilize the Limit Monitoring tool:

  • Any NSCC full service Member that clears for others.
  • Any NSCC full service Member that submits transactions to NSCC’s trade capture system on behalf of a correspondent either as a Qualified Special Representative (QSR) or Special Representative.
  • Any NSCC full service Member that has established a 9A/9B relationship in order to allow another NSCC Member (either a QSR or Special Representative) to submit locked in trade data on its behalf.

Watch this short video for an overview of DTCC's Limit Monitoring.

DISCLAIMER

All information regarding DTCC Limit Monitoring provided herein is subject to, and superseded by, the description of DTCC Limit Monitoring that is set forth in NSCC’s Rules. NSCC’s Rules would, at all times, govern the operation of DTCC Limit Monitoring.

  • DTCC Limit Monitoring Elimination Of End-Of-Day Participant Position MRO File (November 17, 2016)

    As of December 1st, 2016, DTCC will decommission the ‘DTCC Limit Monitoring - End of Day Parti ...
    In Limit Monitoring Important Notices Downloads: 459

  • DTCC Limit Monitoring Changes To Daily Output (July 21, 2016)

    Effective Monday, August 1st, 2016, NSCC will implement changes to the DTCC Limit Monitoring Risk En ...
    In Limit Monitoring Important Notices Downloads: 438

  • DTCC Limit Monitoring Elimination of the 50% Alert Level (July 8, 2016)

    On June 3rd, 2016, the Securities and Exchange Commission (“SEC”) approved the rule fili ...
    In Limit Monitoring Important Notices Downloads: 462

  • DTCC Limit Monitoring Enhancments - Unassigned Risk Entity Drill-Down Screen Re-Activation (04/28/2015)

    As previously noted in Important Notice A#7934, P&S#7509, dated November 21, 2014, DTCC deac ...
    In Limit Monitoring Important Notices Downloads: 420

  • DTCC Limit Monitoring Enhancements - MRO Output Update (03/19/2015)

    Effective Friday, March 13, 2015, DTCC released additional functionality as a part of its effort to ...
    In Limit Monitoring Important Notices Downloads: 443

  • DTCC Limit Monitoring Enhancements - March 2015 (03/06/2015)

    Effective Friday, March 13, 2015, DTCC will release the following enhancements to DTCC Limit Monitor ...
    In Limit Monitoring Important Notices Downloads: 493

  • DTCC Limit Monitoring Enhancements (11/21/2014)

    As previously noted in Important Notice A#7913, P&S#7483, dated October 16, 2014, DTCC imple ...
    In Limit Monitoring Important Notices Downloads: 409

  • DTCC Limit Monitoring Enhancements (11/17/2014)

    Effective Friday, November 21, 2014, NSCC will implement a new notification type sent to users of th ...
    In Limit Monitoring Important Notices Downloads: 426

  • DTCC Limit Monitoring Enhancements (10/16/2014)

      Starting on October 17, resolution notifications that trading activity has fallen back b ...
    In Limit Monitoring Important Notices Downloads: 449

  • DTCC Limit Monitoring Email Sign-up Process (06/05/2014)

    As previously announced in Important Notice A#7824, P&S#7394, dated April 24, 2014, NSCC imp ...
    In Limit Monitoring Important Notices Downloads: 442

  • DTCC Limit Monitoring Launch Date and Webinars (04/01/2014)

    As previously announced in Important Notice A #7703, P&S #7373 dated March 20, 2014, on Febr ...
    In Limit Monitoring Important Notices Downloads: 443

  • DTCC Limit Monitoring Onboarding Timetable (03/20/2014)

    As previously announced in Important Notice A# 7688, P&S# 7358, dated February 24, 2014, DTC ...
    In Limit Monitoring Important Notices Downloads: 491

  • DTCC Limit Monitoring User Testing (03/04/2014)

    As previously announced in Important Notices #7734, dated November 15, 2013; #7738, dated November 2 ...
    In Limit Monitoring Important Notices Downloads: 457

  • Approval of Rule Filing (SR-NSCC-2013-12) (03/03/2014)

    On February 28, 2014, the Securities and Exchange Commission (“SEC”) approved1 the rule ...
    In Limit Monitoring Important Notices Downloads: 387

  • DTCC Limit Monitoring Onboarding Timetable (02/24/2014)

    As previously announced, subject to regulatory approval, NSCC will provide a risk management tool, D ...
    In Limit Monitoring Important Notices Downloads: 413

  • Testing in Production Environment for Proposed DTCC Limit Monitoring Risk Management Tool (02/10/2014)

    As previously announced in Important Notices #7734, dated November 15 2013, #7738, dated November 21 ...
    In Limit Monitoring Important Notices Downloads: 390

  • Access to DTCC Limit Monitoring Through the Portal (12/05/2013)

    As previously announced in Important Notice A# 7734, P&S#7304 dated, November 15, 2013, on t ...
    In Limit Monitoring Important Notices Downloads: 447

  • DTCC Limit Monitoring Advance Access and Risk-Entity Pre-populating (11/29/2013)

    As previously announced in Important Notice A# 7734, P&S#7304 dated, November 15, 2013, on t ...
    In Limit Monitoring Important Notices Downloads: 434

  • DTCC Limit Monitoring Access and Risk-Entity Pre-populating (11/21/2013)

    As previously announced in the Important Notice A# 7734, P&S# 7304, dated November 15, 2013, ...
    In Limit Monitoring Important Notices Downloads: 388

  • Rule Filing (SR-NSCC-2013-12) - DTCC Limit Monitoring (11/15/2013)

    On November 15, 2013, National Securities Clearing Corporation (“NSCC”) filed a proposed ...
    In Limit Monitoring Important Notices Downloads: 410

  • DTCC Limit Monitoring Webinars and DTCC Learning Center (10/31/2013)

    As previously announced in the Important Notice A#7698, P&S#7268, dated September 12, 2013, ...
    In Limit Monitoring Important Notices Downloads: 428

  • Proposed DTCC Limit Monitoring Risk Management Tool (09/12/2013)

    Subject to regulatory approval, NSCC will provide its Members with a risk management tool to monitor ...
    In Limit Monitoring Important Notices Downloads: 413

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