The investment management industry believes that the U.K. being out of sync with the T+1 settlement of the U.S. is a bigger problem than with the European Union, and the U.K. needs to get its “skates on” with implementation. That’s according to Andrew Douglas, chair of the U.K. Accelerated Settlement Task Force (AST), which advocates… Read More >>
T+1 Self-Affirmation Rates Below Expectations
The DTCC is urging investment managers and custodians to collaborate on technology and automation solutions after its latest statistics on the industry’s affirmation progress revealed a disparity in affirmation rates between those using manual processes and those utilizing centralized matching tools. With the implementation of a T+1 settlement cycle in the U.S. less than a… Read More >>
IT System Fragmentation Hinders Post-Trade Workflow: Q&A
(The middle and back offices of financial services firms are populated by “disparate, poorly integrated legacy systems” that are in place to manage operations, says Brian Collings, CEO for Torstone Technology, which won the Best Clearing and Settlement Solution award via the FTF News Technology Innovation Awards for 2018. “This fragmentation hinders the post-trade workflow,… Read More >>
