Spongetech Delivery Systems, Inc. (fka SPNGQ)

[starfire]

In the U.S. capital markets, the industry is well-served by an automated post-trade process that seamlessly clears, guarantees and settles trades that on a peak day can top 19 billion shares, or average about $2 trillion. However, regulators, policymakers and financial firms are justifiably concerned about ex-clearing trades, which are managed broker-to-broker using highly manual and error-prone processes, including phone calls and faxes to exchange information to ensure final settlement. The process is inefficient and expensive – and, more significantly, fraught with operational and counterparty risk.

Obligation Warehouse...will not go live till end of 2010

http://www.dtcc.com/news/newsletters/dtcc/2010/jan/transforming_processing_fails.php

http://www.dtcc.com/news/newsletters/dtcc/2010/jan/obligation_warehouse_opens.php