The TRADE

JULY 3, 2024

The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. Jim Goldie “The impact on a Thursday is that brokers need to fund for another three days.

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Trading Broker Funds Investment Manager 59

The TRADE

JULY 23, 2024

The first step is a prerequisite to the second and will involve all trades being confirmed/allocated “as soon as practicable and no later than on trade date”. The UK put together a taskforce in 2022, releasing its first report in March this year which confirmed that the UK should move to T+1 no later than December 2027.

Trading 64

Trading Broker Funds IT 64

The TRADE

FEBRUARY 9, 2024

What are the costs associated with opening a North American FX trading desk? Each trader will need a terminal depending on the trading platform being used, which carries a considerable cost. All of that is the bare minimum set up and the cost of those items are necessary when considering opening a trading desk.

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Asset Management Trading Management Accountant 64

The TRADE

JUNE 21, 2024

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. When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day.

Trading 64

Trading Asset Management Management Securities 64

The TRADE

FEBRUARY 25, 2025

A shrinking number of brokers are accounting for over half of trading activity in Europe, a new report by Coalition Greenwich has found. Around 20% of trading activity is executed with the top broker, while 60% is executed with the top five brokers, Coalition Greenwich has suggested.

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The TRADE

DECEMBER 20, 2024

The transition to a T+1 settlement cycle in North America this year highlighted the need for efficient and automated processes both pre- and post-trade, fostering a broader conversation on optimising post-trade workflows to handle growing complexities.

Trading 59

Trading Equities Capital Investment 59