As the EU and UK prepare for T+1 settlement, questions remain over whether small-to-medium sized asset managers are ready for the operational changes a shorter settlement cycle will bring.
While larger banks, prime brokers and custodians report high levels of engagement, readiness among boutique managers, specialist credit funds and mid-sized hedge funds is less clear.
The TRADE will host a webinar exploring preparedness across these firms and the particular challenges they face as Europe moves towards next-day settlement.
The discussion will examine the assumption that prime brokers, custodians or outsourced middle-office providers will absorb the changes, and what that reliance could mean for managers’ day-to-day operations.
Join The TRADE’s Jon Watkins, alongside experts from DTCC, Bloomberg, Saphyre, and Connor, Clark & Lunn UK, as they unpack where gaps in engagement remain and the implications for smaller buy-side firms.
Register here to secure your place for The TRADE’s ‘T+1 in Europe: Are asset managers ready for the shock?’ webinar.
Speakers:
Matthew Johnson, executive director, institutional trade processing
DTCC
Pam Samrai, global head buy-side post trade product
Bloomberg
Gabino Roche, chief executive officer
Saphyre
Mark Austin, principal, head of trade support
Connor, Clark & Lunn UK
Moderator:
Jon Watkins, publisher
The TRADE
Timings:
21 October 2026 4pm BST/11am ET
Agenda:
- The regulatory landscape: where the EU, UK and Switzerland stand on T+1 and what the October 2027 deadline means in practice.
- The confidence gap: why headline industry readiness data may be masking a long tail of disengaged smaller and mid-sized firms.
- The structural disadvantages facing sub-scale managers – from manual workflows and thin ops teams to limited leverage with custodians and prime brokers.
- T+1 as a front-office problem – how will traders be impacted by FX timing mismatches, tighter affirmation deadlines and compressed securities lending recall windows (including specific operational pressure points — trade confirmation, SSI management, cash forecasting and fails management).
- Engaging the long tail – what trade associations, service providers and technology vendors can do to reach the firms that aren’t yet in the room and what practical steps smaller managers should be taking right now to get ahead of the curve before the industry deadlines arrive.