June 15, 2011 – Putting information widely used in capital markets on counterparts, financial instruments, market activity and settlement of trades into the "cloud" will "offers and opportunity to dramatically lower costs" in the securities industry, said the head of an industry utility for managing transactions.

Placing core reference data on transactions and market participants in centrally managed databases will lower operating costs, compliance costs and analysis of risks to the nation's financial system, said Donald F. Donahue, President and CEO, of the Depository and Trust Clearing Corporation Tuesday.

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