Depository Trust & Clearing Corp.
Depository Trust & Clearing Corp. is the largest clearinghouse for U.S. stocks and bonds by value of securities. DTCC also provides trade-confirmation services for credit-default swaps and operates a virtual information warehouse that stores records. It has six subsidiaries in the U.S. and overseas.
Recently a move to merge DTCC with LCH.Clearnet to create the world's largest clearinghouse for financial products fell apart. DTCC is looking to expand its European presence and clear more over-the-counter trades.
The organization uses the Six Sigma business-management strategy for process improvement.