Buy Side to Benefit From SIA’s T+1 Settlement Deadline Extension
T+1
NEW YORK--The Securities Industry Association has extended the T+1 deadline to June 2005, giving the buy side an opportunity to redouble its straight through processing efforts, says Judy Donahue, chairperson of the asset manager/buy-side subcommittee for T+1 at the SIA.
Firms are facing new difficulties in allocating resources to STP projects. The attacks on the World Trade Center exacerbated a weak economy, and many firms are funneling the remaining budgets toward rebuilding. Additionally, the
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