The National Securities Clearing Corp., a self-regulatory organization, wants to offer insurers and other financial services companies a new processing platform.
The NSCC, New York, a subsidiary of the Depository Trust & Clearing Corp., New York, runs much of the infrastructure that supports the modern investment markets.
The NSCC now has filed a notice with the U.S. Securities and Exchange Commission reporting that it is seeking the rule changes necessary for it to establish an “alternative investment products service.”
The AIP service “would be a processing service for alternative investment products, such as hedge funds, funds of hedge funds, commodities pools, managed futures and real estate investment trusts,” NSCC officials write in the notice.