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by xorcist 1953 days ago
The Wikipedia article on DTC isn't very informative

What is the relationship between the NYSE and DTC?

1 comments

The NYSE is one of the stock market centers in the US (yes, there's more than one). It's a place where you (usually virtually these days) go to agree with someone on the specifics of the trade - buy 100x GME at $420. The DTC is involved with what happens next - actually exchanging the stock and cash. In particular, they keep the records of which brokers hold how many shares of which stocks.