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Article: Clearing Quarterly & Directory.(Clearing Quarterly & Directory)(Company overview)
- Article from:
- Clearing Quarterly and Directory
- Article date:
- June 1, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. 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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Byline: Editorial Staff
Guide to Correspondent Clearing Firms
The Depository Trust & Clearing Corporation
55 Water Street, New York, NY 10041
Phone: 212-855-1000
Website: www.dtcc.com
Services: As the central counterparty for the nation's major exchanges and markets, DTCC clears and settles virtually all broker-to-broker equity, listed corporate and municipal bond and Unit Investment Trust trading in the U.S. through its National Securities Clearing Corporation (NSCC) subsidiary. DTCC provides the lowest cost in the world for trade clearance at an average of just 66 thousandths of a cent ($0.00066) per 100 shares. In ...