DTCC settles $1.8 quadrillion during 2007

The Depository Trust & Clearing Corporation (DTCC) has announced that it cleared and settled more than $1.86 quadrillion (one thousand million million) securities transactions during 2007. The DTCC also reported record revenues of $1.69 billion and returned $984 million to its customers in the form of discounts and rebates. Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal bonds, government and mortgage-backed securi

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