From the floor at FIX: David Pearson gives exclusive T+1 insight
David Pearson, co-chair of the FIX global post-trade working group, gives us an exclusive insight into the FIX closed door T+1 roundtable - revealing...
DTCC trials automated corporate actions announcement process
DTCC, the post-trade market infrastructure, has initiated a pilot scheme designed to further automate the corporate actions (CA) process, in an attempt to address...
T+1 could cost the industry $31 billion a year – with 31% of institutional...
The biggest cost contributors include financing fees, information leakage, increased FX costs and settlement failures, according to new data from Bloomberg Intelligence – while...
TRAction integrates with PrimeXM for enhanced trade reporting
TRAction, a provider of trade reporting solutions, and PrimeXM, a technology provider, recently deployed a new integration for enhanced trade reporting: now being rolled...
Goldman Sachs significantly improves settlement rate by automating same-day affirmations
The bank achieved over 99% same-day affirmation rate (SDA) in Q4 and a significant reduction in US settlement fails by value, using DTCC's central...
T+1 disaster planning: Prepare for the worst, hope for the best?
Where are you with your T+1 planning – and what will happen if you don’t meet the deadline? New data suggests that right now,...
Broadridge launches post-trade gen AI ‘co-pilot’
Broadridge has launched OpsGPT, a generative AI-powered ‘co-pilot’ for operations users, analysts and management teams across the post-trade lifecycle. Broadridge capital markets president, Vijay...
UK’s T+1 Taskforce report delayed to Q1, Technical Group created to develop market standards
The UK's Accelerated Settlement Taskforce has delayed its expected report to Q1 of next year and announced new plans to establish a Technical Group...
AFME calls for caution when considering a move to T+1 in Europe
The Association for Financial Markets in Europe (AFME) today responded to ESMA’s call for evidence on shortening the settlement cycle in the European Union,...
Buy robot: Sell-side firms look to automate post-trade as next-gen talent pool shrinks
Sell-side clearing firms, facing pressure from a competition for talent, higher pay in other sectors, post-crisis reforms hitting profitability and increasing regulation, have turned...