U.S. markets now have a September 2017 date to work toward for the move from the current settlement cycle of trade date plus three days (T+3) to a two-day cycle (T+2) because of a recommendation from the T+2 Industry Steering Committee (T+2 ISC), which is guiding the transition. At the same time, officials at the… Read More >>
T+2 Committee Wants ‘Clear Action’ via the SEC
The goal of shortening the U.S. settlement cycle to T+2 (trade day plus two days) by 2017 should be achievable, representatives of a securities industry T+2 initiative say. But regulators will have to step up to the plate and make the rules changes essential to getting the initiative off the ground. Specifically, that means SEC… Read More >>
Key Groups Push U.S. to Embrace T+2 by Q3 2017
Key industry organizations have issued an official timetable for a shorter, two-day process (T+2) for trade settlement in U.S. markets with the goal of implementation by the end of the third quarter of 2017. The suggested timeline via a whitepaper from the T+2 Industry Steering Committee (T+2 ISC) is intended to put the U.S. in sync with… Read More >>
DTCC Unveils T+2 Steering Committee for U.S.
As FTF News recently reported, many market participants are of the opinion that – following the recent shift to a settlement cycle of trade day plus two days (T+2) in Europe – the same shift is inevitable in the US, which operates on a settlement cycle of trade day plus three days (T+3). Now, with… Read More >>
