A number of FinTech companies have raised potential issues ahead of the implementation of T+1 in North America
During today's GameStop hearing, Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), will argue that shortening the standard settlement cycle could reduce costs and risks in the markets
Michael Blaugrund, chief operating officer of the New York Stock Exchange (NYSE) will address accelerating trade settlement to T+1
In order to move to T+1, DTCC says industry participants must align and agree to shorten the settlement cycle by implementing the necessary operational and business changes, and regulators must be engaged
Tony Freeman suggests T+0 would have “huge side effects and remove all of the benefits of netting which are significant”
Tenev suggests that solving the problem for the system will require “systemic change” and fixing of the “antiquated settlement structure”
Proxymity’s Jonathan Smalley, Broadridge’s Demi Derem and Confluence’s Greg Hotaling share their thoughts on all the recent developments in the shareholder rights sphere
Industry experts share their early assessment of the CSDR settlement failure penalties regime and how it has affected the industry since its implementation in February
Amid the Gamestop saga, Robinhood’s CEO has called for a fix on the ‘antiquated settlement structure’, but others in the industry argue the current T+2 settlement cycle is ‘ultra reliable’ and a real-time system could lead to many challenges
