Four Big Organizations Move to Consolidate

Hume, Lynn
January 2001
Bond Buyer;01/10/2001, Vol. 335 Issue 31054, p5
Trade Publication
Announces the agreement of Depository Trust and Clearing Cor. and three other major clearing organizations in the United States to consolidate their activities to reduce costs and share in technology advances as they move toward real-time trade processing. Anticipation of the move of the securities market to a T+1 trade system in 2004; Developments which led to the decision of the clearing organizations to merge.


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