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Depository Trust Company Tracking - DTCT
What does it mean?
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
In Other Words...
Underwriters don't like flippers. DCTT attempts to deter premature selling of IPOs. The underwriters may even implement penalties against the flipper.
Related Links
IPO Basics Tutorial - What's an IPO, and how did everybody get so rich off them during the dot-com boom? We give you the scoop.
Related Terms
Depository Trust Company | Flipper | IPO
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