Addressing liquidity challenges in T+2 securities settlement
With less time to secure funding for securities trades, faster settlement in FX could be the solution.
T+2
US to move to shorter T+2 settlement cycle by September 2017
Make a note, 5th September 2017 has been unveiled as the industry target for the US to move from a T+3 to a T+2 settlement cycle. The decision on this has been reached by the US T+2 Industry Steering Committee (T+2 ISC), organised by The Depository Trust and Clearing Corporation (DTCC) and co-chaired by the […]
Middle office takes centre stage as Europe moves to T+2
The introduction of T+2 has marked another milestone in the effort to reduce systemic risk for firms trading European securities. But what about other asset classes, such as derivatives? The inconvenient truth is that the world of derivatives, which some view as a much riskier investment choice, lags a long way behind equities in terms of operational efficiency.
Spain braces for major post-trade overhaul
Dramatic reforms to the post-trade environment in Spain are poised to change the way trades are settled, as one of Europe’s top five markets prepares to open an equities CCP for the first time next year.
European T+2 settlement poses challenge for US ADR trading
The introduction of T+2 settlement in 27 European markets this week could be having some interesting indirect effects on securities trading – including an increase in securities lending, and uncertainty over the status of OTC trades, according to senior financial market observers.
Europe braces for Wednesday ‘double witching day’
Banks and brokers in Europe are bracing themselves for ‘double witching day’ on Wednesday, in which two days’ worth of trades are expected to settle on a single day, as 25 European nations move to T+2 settlement for the first time.
European T+2 migration obliges post-trade reform says Fidessa
Shortening settlement cycles and increased regulatory oversight are pushing financial institutions to reform their post-trade processes. That can only be a good thing, according to a new whitepaper from trading technology specialist Fidessa.
SIX Swiss Group prepares for T+2 settlement
Switzerland’s SIX Group will move to T+2 settlement starting on 6 October 2014, bringing Switzerland into line with the UK, France, Germany, the Netherlands and Russia.
LSE reforms international order book as T+2 draws near
The London Stock Exchange has introduced a set of changes for its international order book, including a shift to T+2 settlement, a reduction in tick sizes and changed opening hours, ahead of upcoming EU regulations designed to harmonise settlement across Europe.
Moscow Exchange adopts T+2 settlement
Russia’s Moscow Exchange has begun its migration to T+2 settlement, marking a significant milestone in the exchange’s efforts to attract international investors.
