Post-Trade

The trade monitoring and exception resolution tool is aimed at improving settlement efficiency rates.

SGSS moves to retire the PAREL brand and deliver clearing, settlement and custody through an integrated model.

A new report from EFAMA estimates that roughly 40% of daily FX flows – representing between $50-70 billion - will no longer be able to settle through the CLS platform, resulting in increased risks.

The T+1 service aims to support clients impacted by the upcoming T+1 settlement deadline set forth by the US Securities and Exchange Commission (SEC) slated for 28 May 2024.

At the FIX EMEA Trading Conference, panellists explored the scheduled shift to T+1 in North America, the impacts it will have on global jurisdictions and whether or not the UK and EU should follow suit.

New service will be delivered on distributed ledger technology (DLT) from Baton Systems and will help increase market-wide access to PvP, addressing FX settlement risk concerns.

“No logical or economic basis for progressive penalties” says one association as others reply to European regulators to point out the damaging unintended consequences of such a system.

The first-of-its-kind benchmark data on the true cost of settlement inefficiency released by Firebrand Research shows some alarming statistics including how much the industry spent at the peak of volatility in 2021.

With the expansion, Euroclear Bank will be able to boost operational efficiencies for market users and streamline collateral management.

Goldman Sachs has achieved more than 99% same day affirmation rates and improved settlement rates for transactions utilising DTCC’s Match to Instruct workflow.