Transition to T+1 ‘harder than expected’ finds Citi report
Reduction in clearing margin a key challenge for custodians, while European firms report most significant impact of T+1.
Post-Trade
HKEX appoints new head of post-trade
Incoming appointment returns to HKEX after initially serving for 15 years; previous experience includes roles at AIA Group, Goldman Sachs, UBS and PricewaterhouseCoopers.
Baton Systems welcomes Japanese Securities Clearing Corporation to its CCP network
Clearing members will receive normalised data from Baton directly from the CCP, enhancing efficiency and enabling members to receive real-time balances.
French regulators propose two step approach to T+1 in Europe
The AMF and Banque de France are calling for a coordination between the UK and Europe in their plans to shorten the settlement cycle.
Wells Fargo joins LCH ForexClear as clearing member
The move will enable Wells Fargo access to ForexClear’s margin, liquidity and netting opportunities.
CLS delivers first analysis of T+1 impact on FX settlement
The multi-currency settlement system has seen no decrease in values or volumes suggesting no shift to bilateral settlement, though some trends are emerging with regards to submissions to CLS.
The Thursday T+1 trading conundrum
Why T+1 settlement in the US is causing a trading drought on a Thursday.
Russell rebalancing represents another test for T+1 success story
Experts agree the big tests for T+1 after a promising start are public holidays, market volatility and index rebalances, with a big one arriving today.
Bloomberg AIM adopted by APS Asset Management to automate post-trade workflows
Solution is set to increase operational efficiency and provide real-time transparency on trade matching.
SEC chair Gary Gensler urges UK to set T+1 transition date
With the global market trend heading towards shorter settlement cycles, SEC chair stresses the need for the UK to kickstart compression plans even if some market participants raise concerns.