SS&C withdraws SEC application for clearing exemption
The fintech had been granted exemption in 2015 for SSCNet, a global trade network, that allowed it to provide matching and ETC services.
SS&C Technologies has withdrawn its application with the US Securities and Exchange Commission (SEC) for exemption from registering as a clearing agency that it was originally granted in 2015, according to documents reviewed by WatersTechnology.
SS&C filed the application in April of 2013 as it sought to provide matching and electronic trade confirmation (ETC) services for broker-dealers and institutional customers through SSCNet, its global trade network linking investment managers, broker
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