Our new research report, in partnership with Waters Technology, unveils a pivotal transformation in the landscape of US and Canadian capital markets commencing on May 28, 2024.
Firms engaged in trading across these markets will now be required to settle securities transactions one day after execution, irrespective of their location. This adjustment mandates same-day trade affirmations and impacts downstream processes, marking a significant industry shift. It's widely regarded as a positive stride, with Europe likely to follow suit.
However, despite the compelling risk reduction benefits, not all firms have fully embraced the T+1 settlement, facing challenges related to data management and technology adoption.
Firms from WatersTechnology’s database were invited to complete the seven-question survey underpinning this paper and were not handpicked according to size or the type of capital markets firm they represent. The survey was not marketed exclusively to US-based capital markets firms, given that the changes set to be introduced in May 2024 will impact all firms operating in the US and Canadian capital markets, regardless of their location. Respondents were not incentivized to complete the survey.
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