This Week: DTCC, SIX-Orenda, Neuravest, Overbond, Quod, and more
A summary of some of the past week’s financial technology news.
DTCC outlines plans for T+1 settlement by 2023
The Depository Trust & Clearing Corp. (DTCC) has proposed a two-year roadmap for shortening the US equities settlement cycle from settlement two days after trade execution (T+2) to T+1, touting the benefits of cost savings, and lower market risk and margin requirements. Officials say that based on an industry consultation conducted during 2020, market participants “increasingly favor” a move to T+1 to benefit from capital and operational
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More on Emerging Technologies
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Droit awarded patent, US CT plan shapes up, Chicago traders go to court, and more
The Waters Cooler: TNS expands 24x5 trading, SIX and Pictet complete a token pilot, and an Asic probe spells more trouble for ASX in this week’s news roundup.
GenAI too risky for collateral processes
The technology has been heralded as game-changing for other areas of finance, but its potential to hallucinate may disqualify it from sensitive settlement procedures.
Waters Wavelength Ep. 324: A philosophical conversation about AI
This week, Reb and Nyela discuss BNY’s digital workers, and what the use of AI in society signals for the future.
Cloud Wars: Are EU and APAC firms really pining for homegrown options?
Waters Wrap: In the wake of tariffs and regional instability, there’s chatter about non-US firms lessening their dependency on the major hyperscalers. Anthony is not buying it.
