A panelist at FTF’s ReCon New York event on Thursday is calling for the U.S. securities industry to move to a T+0 settlement cycle rather than the incremental move to T+2, citing the truism that nothing good happens between trade date and settlement. That’s a phrase heard often from operations managers, and it was heard… Read More >>
Tata Consultancy Services Takes On T+2
In a sponsored interview, Tata Consultancy Services’ Vivekanand Ramgopal shares his views about how the move to a shorter settlement cycle results in higher liquidity, lower risks and other benefits.
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 >>
European Firms Weather T+2 Storm
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… Read More >>
SS&C: Streamline FIX & SWIFT Messaging
(Editor’s Note: Before SWIFT’s SIBOS conference and exhibition in Boston got underway, FTF News reached out to key vendors working in the post-trade operations space to gather their expectations for the financial messaging cooperative. Bob Shaw, director, electronic trade communications, SS&C Technologies, has responded to our questions. SIBOS was held at the Boston Convention &… Read More >>
Celent Survey: Asia Pacific Not Ready for T+2
By and large, financial firms in the Asia Pacific region are not yet prepared to follow in Europe’s footsteps as the October 6 mandatory shortening of the settlement cycle from trade plus three days (T+3) to trade plus two days (T+2) goes into effect. That is the gist of a study published by market research… Read More >>
FTF News Takes On SIBOS
FTF News is taking on the annual SIBOS conference, put on by the SWIFT financial messaging and services cooperative. The conference is being held at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. You can check out our online news coverage all week. We will provide a mix of product news,… Read More >>
Can the U.S. Catch up to Europe in the T+2 Race?
What if the FIX electronic trading protocol gains ground in Europe as a unifying link for trade affirmations between the front and middle offices as Steve Grob, director of group strategy for the Fidessa Group, the subject of a Q&A for FTF News this week is suggesting? If he’s right, could Europe outpace the U.S…. Read More >>
Could FIX Help Firms Avoid Fines for Slow Settlement?
(Editor’s Note: Using the FIX electronic trading protocol for trade affirmations could ease some of the burdens of shortened settlement cycles, and may prevent fines for European firms facing new requirements for faster settlement, says Steve Grob, director of group strategy for London-based electronic trading platform and services vendor Fidessa Group. Over the past year,… Read More >>
U.S. Stuck in a Rut on T+2
A busy man, Tony Freeman, the London-based executive director of industry relations for post-trade systems and services provider Omgeo, says that the main barriers to shortening the settlement cycle to T+2 are “about behavioral issues” because “people have gotten used to working in a certain way.” Omgeo’s parent company, the DTCC, has been building support… Read More >>
