Depository Trust & Clearing Corporation - DTCC Established in 1999, the DTCC is a holding company consisting of 5 clearing corporations and 1 depository, making it the world's largest financial services corporation dealing in post trade transactions.
Owned by its principal users, the DTCC's function is to integrate the NSCC and DTC, streamlining clearing and depository transactions in attempts to reduce cost and increase capital efficiency.
http://www.investopedia.com/terms/d/dtc.asp Depository Trust Company - DTC One of the world's largest securities depositories, it holds in excess of $10 trillion worth of securities in custody. The DTC acts like a clearing house to settle trades in corporate and municipal securities.
DTC is owned by many companies in the financial industry, with the NYSE being one of its largest shareholders.
The Nitty-Gritty Of Executing A Trade - Ever wonder what happens behind-the-scenes when you buy or sell a stock? Read on and find out!
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The Nitty-Gritty Of Executing A Trade - Ever wonder what happens behind-the-scenes when you buy or sell a stock? Read on and find out!
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