Anticipating Change
LETTER FROM THE EDITOR
Meanwhile, a rare utterance-"T+0," or real-time settlement-was heard during the first day's panel, titled "The 2013 securities landscape (of course): Will you still be a part of it?" You remember T+1-trade day plus one day settlement? It was an industry-wide initiative for a couple of years in the late 1990s until it was scuttled by the post-9/11 economic downturn and a revolt by the buy side, which didn't see much benefit in it.
The movement spurred Thomson Financial and the Depository Trust and
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