This Week: Afme on T+1, Anna/Isin, McKay Brothers/Quincy Data and more

A summary of the latest financial technology news.

Afme announces establishment of T+1 industry taskforce

The Association for Financial Markets in Europe (Afme) will set up a new industry taskforce to discuss whether Europe should follow the US in shortening settlement cycles to one day.

In a press release, the group said it was issuing a call for interest in participation from industry associations representing stakeholders who will be impacted by a shortening of the securities settlement cycle in Europe.

The task force will assess two key

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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