This week marks an important milestone in 存’s history – it’s 成立50周年. Anniversaries like this are special moments that allow us to reconnect with the past, reflect on the path our company has traveled 和 gain perspective on how those experiences have shaped our firm’s evolution.
When I think back to where our industry was in the late 1960s 和 early 1970s, it’s been an amazing journey. 存 has been shaping 和 advancing the financial services industry since the Depository Trust Company (直接转矩) was created in 1973 to solve the Wall Street paperwork crisis.
One of our first actions was to digitize 和 create the first electronic security long before digitization became mainstream. Since then, we’ve launched many other innovations to drive positive change, including:
- Introducing multi-lateral netting, which significantly streamlined settlement 和 reduced risk,
- Automating the clearance 和 settlement of trades in US Treasuries 和 mortgage-backed securities in the world’s largest fixed income market,
- Delivering greater efficiency, cost savings 和 risk mitigation to institutional trading 和 investors, 和
- Pioneering ground-breaking derivatives services to support payment reconciliation 和 providing automated matching 和 confirmation, 资产维修, 和 centralized settlement for OTC credit default swaps (CDS).
During these past five decades, we’ve also partnered with our clients, created new businesses 和 launched many other strategic initiatives that have reduced costs, enhanced efficiencies 和 mitigated risk for the industry.
Achieving a milestone of 50 years in business is important to celebrate, but it raises a natural question: What’s next for us?
When I think about the years ahead, I often come back to the same word: stewardship. We’ve earned our reputation as a trusted steward by protecting the safety 和 stability of the financial markets, but in the years to come, we want to grow our impact.
We’re committed to delivering solutions to address challenges the industry can’t solve on its own 和 drive major initiatives to define how clearance 和 settlement 和 the operational side of market structure evolve.
I believe the best way we can honor 存’s legacy is by taking definitive steps today to prepare the firm for a new era of industry leadership.
As we celebrate this l和mark event, I want to thank our employees, 董事会, clients 和 other stakeholders – past 和 present – for your support 和 contributions to the firm’s longevity 和 success. We’re looking forward to working with all of you as we begin writing the next chapter in this amazing company’s history.