Moving to T+1 would benefit industry, investors
Firms are developing a new foreign exchange settlement model for big banks
Further research is needed to test expanding a blockchain-based system to include multiple asset classes, different types of trades and participants
NYSE, NYSE Arca and NYSE American were charged with various regulatory failures stemming from five separate investigations
The blockchain platform would allow securities trades to be confirmed in real-time rather than two full business days for settlement
The move to a two-day settlement cycle is expected to help reduce overall systemic risk, enhance capital efficiency and reduce costs
Shortening the settlement cycle should result in cost savings for trading firms
The CCMA plans to provide status updates on the transition during the Labour Day weekend and help firms deal with any unexpected issues that may arise
SEC’s Office of Investor Education and Advocacy tackles the shortening of the settlement cycle
The CSA says most current trade processing practices will be adequate