Replies to post #1695 on The Real DTCC Discussion

[BigBake1]

Nothing prevents trading, the problem is clearing, without DTCC services no clearing house will clear the transaction. Thus no trades occur, the brokers will not execute because the trade will not be cleared. So what volume is being recorded? It is from shareholders writing off the loss, FINRA requires the transaction be recorded to the tape. The broker executes the transaction and the shares are cleared through ex-clearing.