T+1: Complacency before the storm?
This whitepaper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms. It explores where firms are in their T+1 projects, what they are especially struggling with and the extent to which they are seeking external help with their initiatives.
Key findings include:
- Most respondents expect a reduction in settlement risk, while just under half expect a reduction of margin and/or funding requirements and a short-term increase in failed trades due to exceptions.
- One-third of respondents cited system interoperability/communication issues as their most acute challenges relating to the move to T+1.
- Almost half of the respondents are yet to start their T+1 projects, a significant finding considering the survey underpinning this paper closed in early October 2023, only eight months before the T+1 go-live date.
Download the whitepaper
Register for free access to hundreds of resources. Already registered? Sign in here.
More related resources
How North American Capital Markets Firms Derive Maximum Insight from their Data and Analytic Tools
This report, based on a WatersTechnology survey commissioned by TIBCO and completed in January 2021, focuses on North American capital markets firms and assesses their drivers for developing and deploying data management and analytics tools.
Market Data Management Challenges—Spend, Usage and Compliance
One of the industry’s worst-kept secrets is the extent to which buy-side and sell-side firms of all sizes struggle to effectively manage their market data spend, usage and compliance.
SaaS and the evolution of cloud-based data management
In this white paper, we provide an overview of the evolution of cloud-based technology in the data management space; we assess the benefits of the most commonly used deployment models; we set out our own vision for the future based on a software-as-a-service (SaaS) model; and we explain the journey we are on to deliver increased value for our clients, including the end business user.
The Buy Side and the Cloud - Time to Make the Leap
Cloud-based technologies and services are now on buy-side firms’ radars more so than at any point in the past.
Compliance Technology - Challenges, Opportunities and What Firms Want
Governance, risk and compliance (GRC) requirements are a necessary evil of the industry and are one of the costs of doing business for all capital markets firms.
