Risk 25 firms of the future: DTCC

Ready for the horizontal-versus-vertical fight

Mike Bodson
Mike Bodson, DTCC

According to Don Donahue, the recently departed chief executive of the Depository Trust & Clearing Corporation (DTCC), the securities market is approaching a fork in the road. In one direction lies fragmentation, stunted competition and poor liquidity; the other leads to margin efficiency, inclusivity, liquidity and transparency. He’s talking about the contest between so-called vertical and horizontal business models. The DTCC sits firmly in the horizontal camp, and Donahue is confident about th

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: