India to roll out optional T+0 from March 2024 as part of roadmap to instantaneous settlement
Regulator Sebi outlines plan to move to instantaneous settlement by March 2025 on an optional basis using a parallel system to the current T+1 structure.
Regulator Sebi outlines plan to move to instantaneous settlement by March 2025 on an optional basis using a parallel system to the current T+1 structure.
Today marks six months until the US moves settlement times for equities to T+1 and the picture of lingering issues is becoming increasingly clearer.
Risk management top of the agenda across Eurex business offerings on both the trading and clearing side, senior executives have affirmed.
A lack of securities was identified as the key cause of fails in the market, while ‘on hold’ instructions and late matching were also highlighted.
New offering will enable participants to reduce capital requirements and counterparty risk.
Decision follows the Australian exchange’s scrapping of its DLT project to replace its legacy clearing and settlement system last November.
The solution aims to empower clients through operational efficiency and a significant reduction in settlement costs.
This move will allow for quicker and cheaper implementation of the Torstone platform, according to the business.
“The need of the hour is to do more with less,” says expert; report finds that third-party platform middle- and back-office users are more inclined to outsource the cleansing of their data.
New offering will provide alternative choices for post-trade FX messaging in the event of cyberattacks and other forms of failure in the FX market.