CHANGES IN THE LIST OF PARTICIPANTS

Why It Matters

Accurate participant data ensures seamless trade routing, settlement and regulatory compliance, reducing operational risk for market participants.

Key Takeaways

• Distribution Services, LLC gets new Fund/SERV number 3969.
• Vericimetry account retired, last trade April 15.
• Ultimus Fund Distributors joins Omni/SERV on April 7.
• Four firms added to Alternative Investment Products service.
• Merit Life Insurance starts Insurance Processing service April 1.

Pulse Analysis

The Depository Trust & Clearing Corporation (DTCC) serves as the backbone of U.S. securities clearing, and its participant directories must reflect real‑time changes to maintain market integrity. The latest notice, dated April 2, 2026, revises the March 6 update by adding new identifiers, retiring firms, and expanding service participation. Accurate MPID and service codes are essential for automated trade routing, settlement matching, and regulatory reporting, reducing the risk of failed trades and costly reconciliations. These updates also align with upcoming regulatory enhancements under the SEC’s modernization agenda.

Key additions include Distribution Services, LLC receiving a new Fund/SERV number (3969) effective May 1, and Ultimus Fund Distributors entering the Omni/SERV Activity & Position platform on April 7. Four alternative‑investment managers—Venture.Co Fund Services, Blue Owl Real Estate Exchange, and two Gemini Fund Services entities—joined the Alternative Investment Products service in early April, expanding the pool of eligible products for institutional investors. Merit Life Insurance also began participating in the Insurance Processing service, signaling broader coverage of insurance‑linked securities. The broadened participation enhances liquidity options for fund managers seeking diversified capital sources.

Participants must update their internal systems with the new MPIDs and contact details—Darren Siverling for Distribution Services and Kyle Ryan for Merit Life—by the first trade dates to avoid processing delays. The notice also removes Liberty Partners Financial Services and Hilltop Securities from the NSCC MPID directory as of April 1, reinforcing the need for continuous data hygiene. DTCC encourages firms to subscribe to its RSS‑based notice service, providing instant alerts and reducing reliance on manual email distribution, a step toward more efficient operational workflows. Timely adoption of the RSS feed can also improve compliance monitoring across multiple jurisdictions.