The Depository Trust & Clearing Corporation (DTCC), the US central securities depository, is aiming to rekindle enthusiasm in straight-through processing following the US market's decision last week to postpone shortening settlement cycles.

The DTCC said it plans to redouble its efforts to push ahead with straight-through processing initiatives even though there was no longer a deadline for next day settlement (T+1) - an initiative which requires a market to initiate, execute, clear and settle trades electronically, actions that are collectively known as straight-through processing.