Settlement hearing with Royal Mutual Funds scheduled for Oct. 15
Exchange overpromised, under-delivered on clearing system replacement
Consultation aims to clarify and improve compliance with trading rules
OSC relief addresses potential mismatch between settlement cycles
The proof is that next-day settlement went largely unnoticed this week
Regulator consults on revisions to boost intra-day liquidity insight
While there may be an initial spike of failed trades, fail rates improve overall in a shortened settlement cycle
Any time you shorten a settlement cycle, you reduce risk, CCMA head says
Ultimately, reduced settlement cycle will pay off for overall financial system
Project to examine streamlining settlement for money markets