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At a recent SIFMA event, Fidelity Investments, Goldman Sachs and Wells Fargo report on the initial milestones in their preparations for shorter settlement cycles.
Some of the largest buy- and sell-side firms have begun the hard work needed to revamp infrastructures, workflows and budgets to facilitate the move to the shorter T+2 settlement cycle, according to participants at the recent T+2 Symposium, hosted by the Securities and Financial Markets Association (SIFMA). Key industry players, including SIFMA, the DTCC and...
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