Replies to post #122377 on Bancorp International Group Inc (fka BCIT)

[glaszman]

mretgnol:For the last time, Depository trust does not clear trades.

i hope this is the last time say this because it's just plain wrong according to the DTCC itself (sheesh):

DTCC, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.

DTCC's depository provides custody and asset servicing for 3.5 million securities issues from the United States and 110 other countries and territories, valued at $28 trillion. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions.

http://www.dtcc.com/about/business/index.php

lemme repeat the important part:

In 2008, DTCC settled more than $1.88 quadrillion in securities

[allezlOM]

DTCC and brokers are same family, with common financials interests(http://www.dtcc.com/about/governance/board.php)
Can we call it abusive dominant position ?