Back Offices Under Pressure in Drive Toward T+2
Back offices are being forced to cut by a third the time it takes to settle a trade, as part of one of the more drawn-out initiatives within the financial services industry.
Efficiency is the order of the day, as sell-side organizations begin to react to the wave of regulations, led by the European Securities and Markets Authority (ESMA), which would have them reduce settlement periods from trade date plus three days (T+3) to T+2 as standard.
The impact of the regulation won’t likely be felt
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