New Kid on Clearing Block
Nasdaq plans to take on DTCC with a low-cost service
Traders Magazine, February 2009
Brokerages are paying too much to the industry utility to clear cash equity trades. That will be Nasdaq's argument to shareholders and clients as it gears up in the domestic market to become a major player in the clearing business. That means it will bump heads with the Depository Trust and Clearing Corp. (DTCC) and its subsidiaries.
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