Banks, asset managers look to vendors for T+1 support
This whitepaper, created by WatersTechnology in association with SmartStream, focuses on the upcoming move in the US to T+1 (next-day settlement) of broker-dealer-executed trades. The paper explores what the move means to market participants, where they are in their projects in compliance with the new rules, the specific business processes they expect to be impacted by the move and what they’re looking for from prospective technology partners.
Key findings include:
- Most respondents believe collateral management, intraday cash and liquidity management, and reference data management will be the business processes most impacted by the move to T+1
- Almost half of respondents are looking to partner with third-party technology providers for their T+1 projects
- More than half of the respondents are still unclear how the move to T+1 will impact their firms operationally and from a technology perspective.
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