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The infrastructure and post-trade systems giant is proposing another tightening of the settlement cycle.
In the wake of the move to a shorter T+2 settlement cycle last year, the DTCC is putting forward new proposals to optimize and hasten the time to settlement for U.S. equities markets. Specifically, the DTCC wants to “move settlement of eligible equity trades at its subsidiary, National Securities Clearing Corp. (NSCC), from the afternoon...
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