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In a Q&A with FTF News, John Abel, vice president, settlement services for the DTCC, says that this year securities firms should begin building systems that facilitate the move to shortened settlement.
(Editor’s note: The push for a shortened settlement cycle got major boosts last year when SEC Chair Mary Jo White gave a provisional nod to the two-day settlement cycle (T+2), and when the U.S. T+2 Industry Steering Committee (T+2 ISC) submitted its Implementation Playbook to the SEC and released it publicly. The T+2 ISC is...
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