The Depository Trust & Clearing Corp. announced Monday that it has enhanced its Cost Basis Reporting Service to act as a central hub between all financial intermediaries—broker-dealers, transfer agents, issuers, mutual funds and custodian banks.

Thus, these market participants do not have to establish individual points of connection to transmit cost basis data. Clients can also log onto the CBRS via the Internet.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.