STP Prevails as T+1 Is Deferred
TTW 2002 REVIEW
6.
With the SIA’s galvanizing goal of settlement one day after the trade (T+1) in mind, firms at the beginning of the year were gearing up to revamp their systems and their connectivity to counterparties. A sizable number of software and consulting players lined up to serve them--all in time for June 2005, (TTW, Jan. 7).But as the year wore on, business continuity preparations in the wake of Sept. 11 took their toll on budgets already strained by declining trading volumes. It looked increasingly
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