Nasdaq: History and Financial Performance of the World’s Second-Largest Stock Exchange

Nasdaq: History and Financial Performance History of Nasdaq Nasdaq was created to provide an electronic trading platform for over-the-counter (OTC) stocks. Prior to its establishment, OTC stocks were traded through a system of brokers and dealers, which was time-consuming and inefficient. Nasdaq revolutionized the stock market by introducing computerized trading, …

Depository Trust Company (DTC) in Banking: All You Need to Know

Depository Trust Company (DTC) in Banking: All You Need to Know The DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC), which is a leading post-trade financial services company. It was established in 1973 to improve the efficiency and reliability of the securities industry’s clearance, settlement, and …