The Depository Trust & Clearing Corporation (DTCC), the central clearing agency for the U.S. funds industry, is now accepting cash-only creations and redemptions for exchange-traded funds.
The move is one of several announced recently by the DTCC that are intended to increase liquidity and reduce risk and costs for ETF market participants.
Previously, creations and redemptions for ETFs using commodities, foreign equities, credit default swaps and exchange-traded notes were not eligible for processing at DTCC subsidiary National Securities Clearing Corporation (NSCC), which serves as a central counterparty guarantee for investors.
Market Data 
Markets 
AI
