DTC Proposes ID Upgrade, Targeting Thomson's Oasys
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The Depository Trust Co. has proposed developing a pre- and post-trade routing and confirmation system that could supersede its decade-old Institutional Delivery (ID) system. The system would speed the process of confirmation between institutional investors and their brokers.
The proposed upgraded DTC system appears to target a market currently served by several vendors including, prominently, Thomson Financial Services Inc. Thomson's OASYS product allows institutional investors and brokers to
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