Market regulation · 10/07/1995
Self-Regulatory Organizations; National Securities Clearing Corporation; Midwest Clearing Corporation; Stock Clearing Corporation of Philadelphia; Grant of Temporary Approval for Proposed Rule Changes on Continuous Net Settlement Systems
The National Securities Clearing Corporation, Midwest Clearing Corporation, and Stock Clearing Corporation of Philadelphia have filed a notice with the relevant authorities seeking temporary approval to implement proposed rule changes related to the guarantee of trades in continuous net settlement systems, which will enable faster and more efficient trade settlement.