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Dear Mister Fantasy and a Conversation with Joe Saluzzi of Themis Trading

RiskReversal Pod

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The DTCC and the Importance of Clearing Trades

"This thing's got stink all over it. They're out there trying to sell you back your own information," he says of the DTCC clearing corporation. "Why is the DCC in the data sales business? We don't get it now, and I don't understand how the stock exchanges are doing it." The Wall Street Journal interviewed three institutional clients who were unhappy with what they saw as an attempt byDTCC to make a profit on its services.

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