DTCC opens Shanghai office

The Depository Trust Clearing Corporation, which services more than two million securities issues around the world, has opened an office in Shanghai. The new office will provide 24-hour coverage for its wholly owned corporate actions subsidiary, Global Asset Solutions.

The Shanghai office will support a corporate action validation service, which provides brokers, banks and other financial institutions with an automated, standardized source of global corporate action announcement information for 100 events, ranging from rights offerings to elective dividends to tender offers and stock splits.

With the launch of the Shanghai office, our GCA validation business will be a truly global operation, offering a service that follows the...

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