EU firms press for faster move to T+1 after smooth US rollout
Following the example set by North America, 70% of attendees at a European hearing on shorter settlement cycles favored a Q4 2027 switch to next-day settlement.
Just six weeks after North American markets made the switch to T+1, the European Union is contemplating a timeline for its own transition. Heartened by the relatively smooth acceleration across the Atlantic, public authorities and market participants alike are keen to make the leap sooner rather than later.
Attendees at a public hearing on July 10 hosted by the European Securities and Markets Authority (Esma) were presented with a poll asking them to pick their preferred date for a move to T+1
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