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Setback for Thomson's Trade-Confirm Gambit? The Problem: Thompson ESG May Have to Create SEC-Supe

Traders Magazine, April 1998

Jeffrey L Winograd

Thomson Electronic Settlements Group's (Thomson ESG) successful fight to win regulatory approval to provide direct, institutional trade-confirmation links to the Depository Trust Company (DTC) has hit a roadblock.

The Securities and Exchange Commission has effectively stalled the plan, pending consideration of a review by the SEC that could require Thomson ESG to create an SEC-supervised clearing depository.

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