If the Securities and Exchange Commission approves a filing by DTCC, the not-for-profit clearing and settlement giant, best known for its work for the mutual fund industry, will be able to do the same for the separately managed accounts industry.

DTCC’s National Securities Clearing Corp. is proposing a new service that will link broker/dealers and investment managers, who currently rely on a highly manual, decentralized system. Initially, the new service will include account opening data and account maintenance data, including deposits, withdrawals and account terminations.

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.