DTC Gets SEC OK To Release Upgrades To Settlement System-- May Now Compete with Thomson

AUTOMATED TRADING

The Depository Trust Co. has cleared its first regulatory hurdle at the Securities and Exchange Commission, securing permission to proceed with plans to enhance the services associated with its Institutional Delivery (ID) settlement system. One of the enhancements, the so-called Standing Instructions Database (SID), will be offered by the DTC in direct competition with Thomson Financial Services Inc.'s Alert service--a fact that Thomson intends to make known to the SEC.

The DTC's plans coinci

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: