Europe on the Cheap
Traders Magazine, August 2003
U.S. trading costs are much cheaper than Europe's. That's because the U.S. has a more consolidated and efficient clearance and settlement system. It all began in the U.S. in 1976. That year, the National Securities and Clearance Corporation (NSCC) was launched to provide clearing and settlement for the New York Stock Exchange, the American Stock Exchange and Nasdaq. The NSCC now offers it services for all equity and corporate and
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