SIA delays T+1 deadline

OPERATIONS AND STP

NEWYORK -- The Securities Industry Association (SIA) announced on July 18 that it was delaying the 2005 T+1 deadline indefinitely, the third time the migration has been delayed from the original 2002 deadline. The US-based group will not set a new deadline until 2004. Instead, the SIA suggests the association and the industry focus on STP.

Marilyn Ladner, first vice-president at Canada-based Mellon Global Securities, says her company had been expecting the delay for some time. She says there

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: