Post-Trade

The AMF and Banque de France are calling for a coordination between the UK and Europe in their plans to shorten the settlement cycle.

The move will enable Wells Fargo access to ForexClear’s margin, liquidity and netting opportunities.

The multi-currency settlement system has seen no decrease in values or volumes suggesting no shift to bilateral settlement, though some trends are emerging with regards to submissions to CLS.

Experts agree the big tests for T+1 after a promising start are public holidays, market volatility and index rebalances, with a big one arriving today.

Solution is set to increase operational efficiency and provide real-time transparency on trade matching.

With the global market trend heading towards shorter settlement cycles, SEC chair stresses the need for the UK to kickstart compression plans even if some market participants raise concerns.

The drama around cut-offs at CLS and custodians prior to the T+1 implementation had many believing the FX market would alter drastically, but so far, it’s business as usual over the first three weeks of the shortened settlement cycle as the first big public holiday – and major test – approaches.

Development will make Marex the first non-bank FCM clearing member to offer client clearing services for interest rate swaps on LCH’s SwapClear service.

New tool coincides with new SEC requirements for expanded US Treasury clearing, simulating estimated CCLF obligations linked to FICC Government Securities Division membership.