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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

Transitioning to T+1 is a team effort involving thousands of market participants, including clearing houses, depositories, custodian banks, broker-dealers, investment advisors, self-regulatory organisations, stock exchanges, service providers, industry groups, trade associations, and regulators.

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Fireside Friday with Brown Brothers Harriman’s… Brendan Burke

The TRADE

In the current state with T+2 you have 48 hours to execute a security trade, match that trade with brokers, execute the FX and get everything settled. Once we get past the move to T+1 in the US and Canada, the UK and EU moving to T+1, likely in 2027 or 2028, is just around the corner. This is very much an operational challenge.

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European equities broker wallet stops shrinking, but concentration on the rise, report finds

The TRADE

A shrinking number of brokers are accounting for over half of trading activity in Europe, a new report by Coalition Greenwich has found. According to Coalitions new research, the European equity commissions wallet grew 4% to $2.3 billion in 2024 in comparison with a 14% decline in 2023.

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The TRADE predictions series 2025: Post-trade and the shift to T+1

The TRADE

Whilst there will be continued focus on top-down changes, we will continue to advocate for market-led approaches which strengthen the existing competitive framework, particularly in cash equities clearing, allowing participants to prioritise initiatives which enhance their operational and capital efficiencies.

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