Free Site Registration

Settlement Vendor Plans to Compete With DTC Monopoly

Traders Magazine, January 1999

Staff Reporters

One of the more arcane elements of the institutional-clearing and settlement cycle is on the road to extinction.

At the moment, institutional brokers send trade confirmations to their institutional clients for subsequent affirmation. With the equity-transaction settlement cycle expected to shrink within three years from three days after trade execution to one day following the trade block trades will eventually no longer be confirmed and affirmed the conventional way.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?