article thumbnail

European T+1 Task Force acknowledges benefits of aligning with UK for transition in H2 2027

The TRADE

In a new report, the task force stated that this followed a range of views being expressed as to whether the date identified for the UK transition, H2 2027, could also be a feasible implementation date for the EU. In addition, pre-settlement matching was noted as being essential to identify and remediate potential issues as soon as possible.

Trading 67
article thumbnail

UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch

The TRADE

A full copy of the report can be found here. The post UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch appeared first on The TRADE.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UK settlement taskforce pencils in October 2027 for T+1 switch

The TRADE

The UK T+1 Taskforce technical group has earmarked October or November 2027 as the date for a switch to an accelerated settlement cycle in the UK. What’s very clear is that the entire industry, whichever segment you’re in, has that desire is for alignment.

Trading 62
article thumbnail

UK taskforce recommends T+1 settlement by the end of 2027 in two-phase approach

The TRADE

The UK’s Accelerated Settlement Taskforce has recommended a two-phased approach to shortening the settlement cycle beginning with operational changes in 2025 and a full transition by the end of 2027. More than 80 trade associations and industry participants have volunteered to support the Technical Group.

article thumbnail

Cloud increasingly the primary choice of deployment for post-trade workloads and trading, as market readiness accelerates

The TRADE

The Cloud is increasingly the primary choice of deployment for post-trade workloads and trading, a new Nasdaq paper has found, with market readiness one of the factors driving the adoption.

Trading 108
article thumbnail

The Thursday T+1 trading conundrum

The TRADE

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. Depending on the day of the week or the settlement cycle used it’ll be more expensive to trade.”

Trading 57
article thumbnail

Broadridge to support OTC derivatives reporting across various jurisdictions

The TRADE

“We anticipate that the regulatory wave will continue, and we are proactively working on behalf of our clients to help them meet their compliance requirements,” said Ben Cooling, general manager, regulatory trade and transaction reporting at Broadridge. “The

Trading 62