ITG Takes Stream Phase 3 For DTCC Netting

Trading platform provider ITG is now using the Stream Phase 3 real-time, order-to-settlement global securities trading system operated by SunGard to process institutional equity trades through ID Net, the Institutional Delivery Netting Service of the Depository Trust & Clearing Corp. (DTCC), vendor officials announced.

ITG is SunGard's first client to use the Stream Phase 3 functionality for ID Net, according to Shari McCusker, senior vice president of product management in the brokerage and

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