A Different Hurricane Play
After a major storm, any investors are searching for a way to "play" it. They look for companies that will benefit from the cleanup or they look to short companies that will lose money from storm-related damage.
One angle that I don't think many people have thought about is what I call the "Depository Trust" play. The Depository Trust & Clearing Corporation (DTCC for short) is a major player on Wall Street, but only those working in the back office usually hear of it. DTCC is owned by its member firms and provides custody and clearing services for more than 3.6 million U.S. securities. The company does business in 121 countries and provides custody services for more than $36 trillion worth of securities. And get this: In 2010, DTCC settled nearly $1.66 quadrillion transactions. Yes, quadrillion. Obviously, these guys are very, very busy....486 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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