Most industry observers say the initial move to a shorter, trade date plus two business days (T+2) settlement cycle went smoothly in Europe last year and a recent survey by post-trade systems and services provider Omgeo mostly confirms this assessment. However, the report also finds that more progress is needed for the wider usage of… Read More >>
Q&A: DTCC VP Says T+2 Requirements Coming in May
John Abel, vice president with the DTCC, says the requirements for moving to the trading day plus two business days (T+2) shortened settlement cycle will be coming in early May. There will also be a parallel effort to identify the legal and regulatory changes needed to facilitate T+2. Abel, the DTCC and other industry groups… Read More >>
Q&A: Asia-Pacific Could Beat U.S. to T+2
A new report from market research firm Celent focuses on firms in Asia-Pacific and how Europe’s successful move to shorter settlement is affecting them. The report, “Europe T+2: Is Asia-Pacific Ready?” focuses on how A-P firms, which settle transactions on trade data plus three business days (T+3), are coping with the shorter T+2 (two business… Read More >>
Asia-Pacific Lost in the T+2 Shuffle?
The operations industry has been focused on shorter settlement cycles in the U.S. for the past two to three years while Europe has made the transition from trading data plus three business days (T+3) to two business days (T+2). At the same time, Asia-Pacific has also been grappling with the push for shorter settlement. Still,… Read More >>
ISITC to Join the T+2 Push in the U.S.
The push for a shortened settlement cycle in the U.S. will be a key part of the agenda for the International Securities Association for Institutional Trade Communication (ISITC) during 2015, says Jeffrey Zoller, the chair of the trade processing standards group. In the U.S., the securities industry settles trades in equities and certain debt securities… Read More >>
Our Special Report on the Key Ops Issues for 2015
Making predictions about the Top Ops issues for 2015 is more challenging than you might think, given the many facets of securities operations. We began our predictions coverage at the end of 2014 by reaching out to industry analysts and participants such as Virginie O’Shea, a senior analyst with Aite Group; Tim Lind, global head… Read More >>
Special Report: The Top Ops Predictions for 2015
For this report, FTF News reached out to industry participants, analysts and vendors to get a sense for the operations issues that will be top of mind for financial services firms during 2015. We uncovered a variety of concerns including fears over the future of the Legal Entity Identifier standard, concern over shorter settlement cycles… Read More >>
Tim Lind on T+2 and Wall Street Fines
As the blizzard bears down on the Northeast, I had the time to review the additional comments from Tim Lind, the global head of financial regulatory solutions at Thomson Reuters. He talked to me last month about his major predictions for 2015 and his main concern was the Legal Entity Identifier standard (http://bit.ly/1yWE8YV). Yet the… Read More >>
Ops Execs Will Be Busy in 2015
As part of a series on post-trade operations predictions for 2015, FTF News gathered forecasts earlier this month from key industry analysts. For Virginie O’Shea, a senior analyst with Aite Group, FTF News asked her to name the Ops area that will see the most progress in 2015 and the post-trade activities that could prove… Read More >>
Will T+2 Make the Most Progress in 2015?
FTF News gathered forecasts from three vendors — Advent Software, DataArt and FSMLabs — to get their Ops predictions for 2015. This piece is part of a series in January exploring what key industry participants think will be the top Ops issues this year. Advent Software: T+2 to Progress the Most in 2015 Investment management… Read More >>
