National Securities Clearing Corporation
Momentum is building for 24/5 trading. What does it mean for the future?
Stakeholders and industry bodies have progressed on some looming questions about overnight trading. Nyela examines what that and shortening settlement cycles means.
A rough race begins: Industry faces uphill transition to T+1 settlement
With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue…
People Moves: DTCC, BNP Paribas Asset Management, Trading Technologies, and more
A look at some of the key "people moves" from this week, including Frank La Salla (pictured), who joins DTCC as its next president and chief executive officer.
This Week: Nasdaq, NSCC, State Street, OpenFin/Broadridge, and more
A summary of some of the past week’s financial technology news.
DTCC Proposes Measures to Further Reduce US Settlement Times
The two proposals could bring settlement down to a day-and-a-half from time of trade, but still need more feedback from the industry.
DTCC Seeks to Expand Real-Time Submission
With an eye on moving the industry forward and increasing efficiency in trade clearance submissions, the DTCC held a forum with the NSCC and industry participants focused on how to reduce risk and streamline the process.
SunGard Debuts SGN Global Fund Trading Solution
Release aims to facilitate cross-border trade.