Greenspan Throws His Weight Behind T+1
TRADING LINKS
NEW YORK--Alan Greenspan, chairman of the Federal Reserve, recently voiced his concerns about the trade settlement process employed in the US securities markets, saying that the settlement and clearance process remains a sequential and repetitive process that still involves significant manual intervention.
Greenspan sees a need for the re-engineering of the process and points out that the securities markets could potentially be at risk. Trading volumes were already straining the current
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