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Key financial technology providers and industry observers say post-trade operations teams at EU firms endured intense challenges in the run-up to the shortened settlement cycle but they prevailed. Their triumph could set a precedent for the U.S.
The sun came up and the world was still standing after European firms made the switch from a settlement cycle of trade day plus three days (T+3) to trade plus two days (T+2) — something that had once seemed impossible to some. For many firms, the transition went off without a hitch. Other firms have...
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