Which organization is in charge of settling all stock market transactions?
Question
Which organization is in charge of settling all stock market transactions?
Solution
The organization in charge of settling all stock market transactions varies by country. In the United States, for example, the organization responsible for this is the Depository Trust & Clearing Corporation (DTCC). The DTCC provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In other countries, similar organizations exist to fulfill this role.
Similar Questions
the capital market structure, which institution regulates and supervises the securities market in many countries, including the United States?
What is the stock market?
Financial regulators may want to see an increasing amount of trading occurring:Privately, between individuals and firmsOver organized unilateral trading facilitiesOver organized multilateral trading facilities
Who are the agents of the Depository in the securities market?(1.0 Marks)Stock ExchangesAMerchant BankersBDepository ParticipantsCCredit Rating Agencies
Who is the regulator of the capital market?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.