This Week: DTCC, SIX-Orenda, Neuravest, Overbond, Quod, and more
A summary of some of the past week’s financial technology news.
DTCC outlines plans for T+1 settlement by 2023
The Depository Trust & Clearing Corp. (DTCC) has proposed a two-year roadmap for shortening the US equities settlement cycle from settlement two days after trade execution (T+2) to T+1, touting the benefits of cost savings, and lower market risk and margin requirements. Officials say that based on an industry consultation conducted during 2020, market participants “increasingly favor” a move to T+1 to benefit from capital and operational
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