Erroneous Trades Force DTCC to Take a Rare Double-Settlement Day

The Depository Trust & Clearing Corp. said it will complete two days worth of transactions on Tuesday after receiving a significant number of erroneous trades from a member firm. The DTCC did not name the member firm or specify the number of trades involved. A double-settlement day is uncommon for the DTCC, which typically processes one day of transactions daily.

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