> -----Original Message-----
> From: IBM Mainframe Discussion List On Behalf Of Anne & Lynn Wheeler
>
> [ snip ]
>
> somewhat as a result of the electronic commerce and x9.59 work, we
were
> invited into NSCC (since merged with DTC for DTCC) to look at doing
> something similar for all trading operations. After a short while, the
> work was suspended ... possibly because a side effort would have been
> significantly increased transparency and visibility ... which
apparently
> wasn't naturally part of trader culture.
>
> note in the recent congressional hearings into the Madoff Ponzi
scheme,
> a reoccuring theme by the person that had been trying for a decade to
> get SEC to do something about Madoff ... was that much more important
> than new regulations is the requirement for transparency and
visibility.
What?? No more "under-the-table deals"?
Pay no attention to that man behind the curtain......
-jc-
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