$2 Quadrillion, as a river flowed through. 55 Water Street flooded DTCCSubmitted by Mark Twain on Sat, 12/01/2012 - 19:50
- One company: A 2 Quadrillion Transaction Flow Monopoly Swamped Our Economy a Decade Ago
DTCC peak transaction flow appeared 2007, when we all heard that, "Big sucking sound." Ross Perot warned us. Disappeared 1/2 our economy.
- 2005. $1.4 Quadrillion
- 2006 $1.5 quadrillion
- 2007. $1.8 Quadrillion
- 2008. $1.88 Quadrillion [During the Great Recession, ]
- 2009. $1.48 Quadrillion [they somehow managed to eek by.]
- 2010. $1.66 Quadrillion
- 2011. $1.7 Quadrillion
55 Water Street, Manhattan NY: About DTCC
The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for 3.6 million securities issues from the United States and 121 other countries and territories, valued at almost $34 trillion.
In 2010, DTCC settled more than $1.66 quadrillion in securities transactions. Insurance & Retirement Services (I&RS) is the DTCC division that processes annuity and insurance transactions. I&RS is the central messaging connection for annuity and life insurance transactions, enabling insurance companies to provide broker/dealers with daily financial transaction information. It processes approximately 150 million transactions each month.