UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch
Technical group stresses the need for automation ahead of the implementation process, urging market participants to begin automating as soon as possible.
Post-Trade
The TRADE announces Leaders in Trading awards shortlists for London event
Algorithmic Trading, Execution Management Systems, and Editors’ Choice Awards announced today with Buy-Side Awards set to follow later this week.
UK settlement taskforce pencils in October 2027 for T+1 switch
Alignment with the EU ‘not a prerequisite’ for the UK’s move to a shortened settlement cycle, chair of the taskforce’s technical group says.
LSEG acquires Axoni post-trade technology
The transaction is expected to complete in Q4 this year and builds on LSEG’s Acadia acquisition that took place in 2022.
The TRADE announces Leaders in Trading New York awards shortlists
Algorithmic Trading, Execution Management Systems, Editors’ Choice, and Outsourced Trading Awards announced today with Buy-Side Awards set to follow in the coming weeks.
Transition to T+1 ‘harder than expected’ finds Citi report
Reduction in clearing margin a key challenge for custodians, while European firms report most significant impact of T+1.
HKEX appoints new head of post-trade
Incoming appointment returns to HKEX after initially serving for 15 years; previous experience includes roles at AIA Group, Goldman Sachs, UBS and PricewaterhouseCoopers.
Baton Systems welcomes Japanese Securities Clearing Corporation to its CCP network
Clearing members will receive normalised data from Baton directly from the CCP, enhancing efficiency and enabling members to receive real-time balances.
French regulators propose two step approach to T+1 in Europe
The AMF and Banque de France are calling for a coordination between the UK and Europe in their plans to shorten the settlement cycle.
Wells Fargo joins LCH ForexClear as clearing member
The move will enable Wells Fargo access to ForexClear’s margin, liquidity and netting opportunities.