Prospects Murky for Upgrade to T+2 Settlement

mifid-chris-pickles
Chris Pickles, BT Global Services

European market participants may be aware of trade date plus two days (T+2) settlement as an operational requirement that the European Commission could have in place by 2012, and believe they are ready, but they are not, according to participants of an industry roundtable held earlier today.

European markets will also have to confront the need to bring foreign exchange (FX) transactions down to T+1 settlement to ensure T+2 settlement of the trades themselves, says John Gubert, chairman of the In

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: