'Wall Street of the South'


  • By Janet Leiser
  • | 7:52 a.m. August 9, 2013
  • | 0 Free Articles Remaining!
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As Hurricane Sandy headed for New York, Depository Trust & Clearing Corp. transferred its core operations from Manhattan to a place far removed from the storm: Tampa.

The Highwoods Preserve office off Bruce B. Downs Boulevard in New Tampa began processing much of DTCC's core operations. And that's no simple task.

DTCC, owned by Wall Street firms, clears most U.S. securities trades, valued at more than $1.6 quadrillion annually. The firm automates, centralizes and standardizes the post-trade processing for financial institutions.

 

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