Day 906: The DTCC has their own Twitter account. I choose to politely ask them questions every day until I get a public response.
Today I ask: .@The_DTCC What would it take for #DTCC to settle each trade in milliseconds? Funds/Banks have servers arranged so nanoseconds shaved off trade times when FED numbers come out. Why does #DTCC still hours to settle trades? Isn't the tech there now to bypass brokers all together?