Neon Products May Help DTC, NSCC As They Form STP Plans Via Merger
MIDDLEWARE & STP
NEW YORK--Given that both are customers of New Era of Networks (Neon), the Depository Trust Co. (DTC) and the National Securities Clearing Corp. (NSCC) may be using Neon middleware to help them plot out their merger, announced last week.
The DTC is a national clearinghouse for trade settlement in corporate and municipal securities. It also provides securities custody services. The NSCC is a provider of centralized post-trade comparison, trade guarantee, trade netting, settlement and information
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