T+1 May Not Happen, Says Technology Consultancy
OPERATIONS AND STP
LONDON--Trading Technology, a technology consultancy for brokers, exchanges and clearing houses, says that a study it conducted recently reveals that few have thought through the risks arising from T+1, and fewer still have identified any benefits.
Trading Technology adds that the timeframe for T+1, now delayed to 2005, is so long that the project is in danger of being cancelled completely.
Paul Pickup, director of Trading Technology, says that T+1 benefits traders by having less stock and cash
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