As T+3 Draws Ever Closer, Grantham Mayo Implements More Electronic Settlement


BOSTON-based investment management firm Grantham Mayo Van Otterloo & Co. (GMO) plans to extend its use of electronic trade execution and confirmation systems, giving its so-called active investment management group access to services similar to those its quantitative investment management group now uses. The effort is aimed at preparing for the coming industry shift to shorter settlement cycles.

GMO maintains some $15 billion in assets under management. The firm divides its investment management

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