Read more: https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation
TIL the DTC was created for the US stock market in 1973 to lessen paperwork, reduce counterfeiting, fraud, and other types of trade-failures. In 2022, the same % of trades fail as before the DTC’s founding
One Comment
Leave a ReplyLeave a Reply
You must be logged in to post a comment.
DRS.