Esma is asking for feedback on proposals that could see penalties for settlement fails increase by 25 times. But affected parties say adapting to the new system would be a technical upheaval and are calling for more structural reform.
Pruned settlement cycle forces foreign buy-siders to explore automating the FX leg of securities trades.
The Australian Securities Exchange announced in November it had chosen Tata Consulting Services to run the new CHESS replacement project after initial plans with Digital Asset were scrapped in 2022.
Anthony believes that there’s a growing chasm emerging between regulators, senior business execs, and technologists—which is especially evident when it comes to the T+1 debate.
Not everyone saw eye to eye at a European Commission roundtable discussing how to shorten settlement cycles, but most participants recognized the need to make the transition to T+1.
Firms in Asia worry about unintended consequences of massive change to settlement cycle.
New pieces of technology, like Synapse, assist Citi in migrating clients to newer technologies, and newer ways to settle and clear more efficiently.
Anthony examines some of the biggest stories from the past year to preview what might be ahead.
As firms prepare for T+1 in May 2024, DTCC’s Val Wotton says they should also consider the complexities for cross-border trades.
This whitepaper, created by Broadridge, focuses on leveraging robotic process automation and AI to ensure a smooth transition from T+2 to T+1 settlement.
The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.
The cloud provider and industry utility have jointly released a prototype and guidelines for building resilient financial services applications.
Operations professionals in Europe look across the pond for lessons in managing shorter settlement cycles.
This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms
A new paper from IBM researchers explores settlement challenges and looks at how generative AI can, among other things, identify the underlying cause of an issue and rectify the errors.
Six jurisdictions have set deadlines for firms to implement the derivatives identifier, with more expected to follow.
An examination of how exchanges—already migrating to the cloud—are working to solve the problem of multicasting in a new environment.
As exchanges continue to embrace cloud, the decisions they make today will have long-lasting implications.
Major improvements have been made to the securities services operating model over the past decade, but inefficiencies in trade settlement processes remain, leading to thinning margins and longer settlement cycles. Key to addressing these challenges is…
Buy-side firms see outsourced trading as a way to simplify their operating model, while custodians see an opportunity to sell bundled services.
This whitepaper, created by WatersTechnology in association with SmartStream, focuses on the upcoming move in the US to T+1 (next-day settlement) of broker-dealer-executed trades.