Replies to post #37989 on Tivus, Inc. (TIVU)

[NicPlatoNic]

You have no idea what you are talking about.

[waggett]

You've raised this issue before and you know you are misrepresenting the facts. Here is the official reason for the DTCC initiative:

“While trade-for-trade transactions represent a small percentage of overall equity trading volume, they inject unnecessary inefficiencies into the system because each trade has to be manually settled,” said Susan Cosgrove, DTCC managing director, Clearance and Settlement/ Equities. “By aggregating these trades, we are able to reduce the total number of transactions that need to be settled each day, which helps our members reduce their own internal costs.”

To add clarity, it would not accurate to say that TiVUS is not DTC-eligible, that is a very bad thing. We have always been and remain DTC eligible. T2T is an operational clearing efficiency, affecting small percentage of all trades. It has nothing to do with our DTC eligibility.