The Depository Trust & Clearing Corporation, the US clearing giant, is looking to take advantage of regulatory demands for greater market transparency by extending its credit derivative processing business and standardising the way corporate announcements are published.

The New York-based company has applied to have its trade information warehouse, which records details of US credit derivative trades, overseen by two federal regulators, the Federal Reserve and the New York State Banking Department. The warehouse was launched in 2006 as part of an effort to reduce a backlog of outstanding credit default swap trades.