DTCC To Integrate Services From Full Ownership Of Omgeo
The Depository Trust and Clearing Corporation's (DTCC) decision to acquire 100% ownership of Omgeo will help DTCC to grow globally, and will benefit industry participants through the integration of the two companies' services, according to an executive at the post-trade processing services vendor.
DTCC has agreed to buy data vendor Thomson Reuters out of the 50% stake in Omgeo which it does not already own, making Omgeo a fully owned subsidiary of DTCC. Thomson Reuters and DTCC have been equal
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