SIA, SEC Tread Shifting Sands At T+1 Show
OPERATIONS AND STP
NEW YORK--As the target date for one-day trade settlement becomes a distant concept, industry forces seem to be changing their tune to reflect the possibility of yet another delay, or reinterpretation of, the Securities Industry Association (SIA)’s T+1 target of June 2005 (see related story, this issue).
The SEC, which has rarely voiced an opinion in the three-year-long debate, sent Robert Colby, deputy director of market regulation, to the SIA’s spring STP/T+1 conference last week, where he
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