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All signs point towards Europe aligning T+1 move with UK and Switzerland

The TRADE

With regards to a timeline ESMA acknowledged the high level of interconnectedness between the EU capital markets and those in other jurisdictions in Europe, highlighting how a coordinated approach across Europe is “desirable”.

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The Thursday T+1 trading conundrum

The TRADE

A few bps matter,” said Jim Goldie, EMEA head of capital markets, ETFs and indexed strategies, Invesco. From a basket perspective, banks have been willing to do extended settlements but they charge for that. Jim Goldie “The impact on a Thursday is that brokers need to fund for another three days.

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