Getting to the point of T+1 or even T+0 will be a question of funding, investment in technology, and testing the efficiency of links and connectivity in the settlement chain, according to Samuel Riley of Clearstream
The Depository Trust & Clearing Corporation’s central trade manager (CTM) service for US domestic trade matching has grown to more than 1,800 firms, with organisations further consolidating global post-trade flows on a single platform
Some 50 per cent of market participants responding to a Citi survey predict that immediate settlement will be achievable within five years, and emerging technologies, such as distributed ledger technology, will be a key factor for enabling this
FICC, the DTCC subsidiary, argues that central clearing provides widespread benefits to the US Treasury market, including lower credit risk and settlement risk, improved liquidity and market access, and a more orderly system for liquidating positions
KDPW, the CSD of Poland, is offering 13 temporary fee reductions in clearing, recording of securities, and corporate action processing from 1 October to 31 December 2021
The new expansion will allow global investors to trade in a greater number of US stocks through one connection, alongside UK, Swiss and European securities
National Clearing Centre (NCC) has been granted Qualified Derivatives Dealer (QDD) status by the US Internal Revenue Service, streamlining income collection for USD-denominated shares listed on MOEX
“Project Ion holds the promise of new settlement functionality supported by robust technical capabilities and is a key part of our on-going efforts to further accelerate settlement," says Michele Hillery
Initial trades on FICC’s sponsored GC service executed by Federated Hermes, BNY Mellon and J.P. Morgan Securities, enabling centrally cleared repo transactions to settle on BNY Mellon's tri-party platform
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