Buy Side Speaks Out Against DTC Initiatives At Thomson-Organized Rally
AUTOMATED TRADING
Thomson Financial Services Inc. hosted a conference last week at Salomon Brothers Inc.'s New York City headquarters on the subject of preparing back- and front-office systems for the reduction of the settlement cycle to three days. Thomson's ostensible motive was to increase financial industry awareness of the fact that only 15 months remain until T+3 settlement becomes mandatory--but it was clear that Thomson was also aiming to put pressure on the Depository Trust Co. to permit Thomson's Oasys
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