Tag: Clearing & settlement

Industry support for SEC’s stance on T+2

The T+2 Industry Steering Committee has welcomed comments by the Securities and Exchange Commission’s Chair Mary Jo White supporting a migration to a T+2 settlement cycle in the US.

EuroCCP to offer LSE clearing this month

EuroCCP is to begin clearing trades on London Stock Exchange later this month, meaning market participants will now be able to choose from all three of Europe’s interoperable central counterparties.

New Zealand to move to T+2 settlement in 2016

The New Zealand Stock Exchange will move to a T+2 settlement cycle on 7 March, the same day as Australia, according to a briefing by the Depository Trust & Clearing Corporation.

Finding the perfect match

Clearing brokers are becoming more selective about who they take on as clients, so how should the buy-side approach their search for intermediaries as clearing mandates approach?