US Steps Closer To T+2

US Steps Closer To T+2

David Pearson

Head of Post-trade Strategy at Fidessa

As Head of Post-trade Strategy David is responsible for innovating new business ideas across Fidessa's global buy- and sell-side community. He provides detailed and broad-ranging input into the restructuring of business flows across financial markets, from pre-trade through to post-trade and middle office environments. David is currently Co-chair of the FIX Trading Community Post-trade Working Group, and is actively involved in the global industry debate regarding the future of electronic affirmation models.

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US Steps Closer To T+2

19.06.2015 01:00 am

It is good to see that the US markets are now set on their journey towards T+2. Although some people are already questioning why it’s so far off, a 30 month timeframe will give everyone enough time to identify and resolve all the business processes that will need to be updated in order to meet the shorter settlement requirement.

The move to T+2 in Europe has shown that with careful planning, and industry collaboration, it can be done without ensuing chaos and ought to be part of the learning curve for the US market. Needs to be right first time though!

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