DTCC develops platform for alternative investments

06/7/2010 | InvestmentNews (free registration)

The Depository Trust and Clearing Corp., in conjunction with some of the largest participants in the clearing and custody industry, is developing a new platform for alternative investments in an effort to create standards, automate transactions and centralize data. Pershing is already using the Alternative Investment Product platform, while The Charles Schwab Corp. is in the testing phase. Fidelity Investments' clearing unit, National Financial Services will start using it next year.

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