Europe braces for T+1 with coordinated testing push
Industry roadmap highlights multi-phase testing, weekend simulations and heavy reliance on coordination across CSDs, CCPs and custodians to avoid settlement disruption.
Industry roadmap highlights multi-phase testing, weekend simulations and heavy reliance on coordination across CSDs, CCPs and custodians to avoid settlement disruption.
Developed with a consortium including Barclays, BNP Paribas, Citi and JP Morgan, the platform seeks to streamline cleared and bilateral workflows.
The partnership will enable tokenised securities executed on the venues to settle through the distributed ledger-based infrastructure.
New interfaces aim to give firms clearer visibility into clearing, settlement and post-trade activity.
Planned DSD aims to link traditional and digital markets, with first phase targeted for 2026 subject to regulatory approval.
Executive brings extensive experience across financial market infrastructure, regulatory strategy and clearing leadership to the role.
Approval comes as the SEC’s Treasury clearing mandate accelerates, opening the market to new clearing venues ahead of phased compliance deadlines.
Collaboration gives clearing members access to Clearstream’s pan-European CSD and ICSD services.
The service allows buy-side access to centrally cleared reverse repo transactions.
The move is expected to support the wider industry as exchanges such as NYSE, Nasdaq and Cboe begin to prepare for a shift to overnight trading models for US equities markets.