A new report emphasises the need for the EU to coordinate closely with the UK in H2 2027 for a switch to a T+1 settlement cycle, while also detailing the need for a maximum possible notice period for transition and a temporary suspension of cash penalties over the implementation period.
Some lessons have been learnt from the US, while in other ways the UK will blaze its own trail with regards to supervisory and adjacent practices such as FX and lending. Claudia Preece reports from an exclusive roundtable discussion with the chair of the UK Accelerated Settlement taskforce, Andrew Douglas.
Technical group stresses the need for automation ahead of the implementation process, urging market participants to begin automating as soon as possible.
Algorithmic Trading, Execution Management Systems, and Editors’ Choice Awards announced today with Buy-Side Awards set to follow later this week.
Alignment with the EU ‘not a prerequisite’ for the UK’s move to a shortened settlement cycle, chair of the taskforce’s technical group says.
The transaction is expected to complete in Q4 this year and builds on LSEG’s Acadia acquisition that took place in 2022.
Algorithmic Trading, Execution Management Systems, Editors’ Choice, and Outsourced Trading Awards announced today with Buy-Side Awards set to follow in the coming weeks.
Reduction in clearing margin a key challenge for custodians, while European firms report most significant impact of T+1.
Incoming appointment returns to HKEX after initially serving for 15 years; previous experience includes roles at AIA Group, Goldman Sachs, UBS and PricewaterhouseCoopers.
Clearing members will receive normalised data from Baton directly from the CCP, enhancing efficiency and enabling members to receive real-time balances.