New DTCC fee structure could lure non-bank traders
US regulator approves proposal targeted at government securities business
The decision by US authorities to rubber-stamp a new rule is likely to reduce the cost of clearing US Treasuries and repos at the Depository Trust & Clearing Corp, helping coax non-bank liquidity providers into the firm’s fixed-income clearing house, experts say.
DTCC subsidiary, Fixed Income Clearing Corp, filed the proposal on April 27, and the Securities and Exchange Commission approved it on
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