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