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Article: DTCC Supports SEC Initiative to Make Trade Failure Data Publicly Available.
- Article from:
- Business Wire
- Article date:
- June 19, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- The Depository Trust and Clearing Corporation (DTCC) today commended--and expressed full support for--the Securities and Exchange Commission's (SEC) decision to give the public greater access to aggregate information on Fails to Deliver (FTDs).
DTCC's comments follow the SEC's recent decision to change short selling regulations, including eliminating the "grandfather" clause and the "uptick" requirement for short selling. In conjunction with these rule changes, the SEC announced it would consider releasing two-month-old, aggregated FTD data on a quarterly basis.
Currently, the SEC does not provide fails information to the public on a regular ...