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A comment on Roaring Kitty to testify on GameStop alongside hedge fund managers. Parent comment

Re:Roaring Kitty to testify on GameStop alongside hedge fund... by xorcist on Sunday February 14, 2021 @06:26AM (#26131429)
The Wikipedia article on DTC isn't very informative

What is the relationship between the NYSE and DTC?

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Re:Roaring Kitty to testify on GameStop alongside hedge fund... by bdonlan on Sunday February 14, 2021 @09:43AM (#26132766)
The NYSE is one of the stock market centers in the US (yes, there's more than one). It's a place where you (usually virtually these days) go to agree with someone on the specifics of the trade - buy 100x GME at $420. The DTC is involved with what happens next - actually exchanging the stock and cash. In particular, they keep the records of which brokers hold how many shares of which stocks.
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