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In an FTF News Q&A, an Omgeo executive says ‘behavioral barriers’ are causing the U.S. to be wary of two-day trade settlement (T+2) in U.S. markets.
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...
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