Inside the FX cut-off conundrum sparking animosity between the buy-side, CLS and custodians as T+1 looms
The TRADE
MAY 24, 2024
One of the big benefits of T+1 was the argument that it will reduce risk but what we feel is happening is a transfer of risk from proprietary trading strategies and retail brokers to asset managers and their clients. With the European market as complex as it currently is, it’s likely the road to implementing T+1 will be a long one.
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