Cede & Co
The nominee of the Depository Trust Company (DTC) in the United States. It appears as the registered holder of most US shares, enabling efficient electronic settlement.
Related terms
Related lessons
What Is DRS?
A clear, balanced guide to the Direct Registration System: how shares are normally held in street name, what it means to register directly in your own name, the genuine benefits and real trade-offs, and how to think about it.
What Is Market Structure?
A guide to the hidden plumbing of the markets: the players, how a trade really travels from your tap to settlement, what the order book and liquidity mean, lit venues versus dark pools, and why it all affects the price you get.
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