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French regulators propose two step approach to T+1 in Europe

The TRADE

The industry will be responsible for ensuring improvements in standardisation and common market practices in the EU such as market infrastructure cut offs and settlement of cross border transactions and ETF shares. Its final report will be published at the end of this year.

Trading 64
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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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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. This, however, is still up for debate and subject to change.

Trading 64