How GenAI could improve T+1 settlement
As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.
On May 28, 2024, the US Securities and Exchange Commission will implement a pivotal regulatory change, transitioning the trade settlement cycle from T+2 to T+1 for all US trades processed through the Depository Trust & Clearing Corporation. This directive necessitates that all trades be affirmed by 9:00 pm ET on T+0. Currently, the target is to attain 90% affirmation compliance by this deadline once the regulation takes effect.
Recent findings from a DTCC report reveal that as of December 2023
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Friendly fire? Nasdaq squeezes MTF competitors with steep fee increase
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Europe is counting its vendors—and souring on US tech
Under DORA, every financial company with business in the EU must report use of their critical vendors. Deadlines vary, but the message doesn’t: The EU is taking stock of technology dependencies, especially upon US providers.
