Pirum’s Post

⏲️ In this final week before the transition to a T+1 settlement cycle, SIFMA's Tom Price discusses the industry's readiness, reviews resources available for a smooth transition, and highlights the benefits of a shortened settlement cycle ➡️ https://bit.ly/3QQLwmp #T1 #shortenedsettlement #capitalmarkets #finops

The Depository Trust & Clearing Corporation (DTCC)'s FICC’s Government Securities Division surpasses USD$10 trillion in daily activity, setting new record #usfintech #fintech #fintechnews #technology #financialtechnology #trading #settlements

The Depository Trust & Clearing Corporation (DTCC) comments on Industry’s Affirmation progress, with T+1 implementation two months away #australianfintech #usfintech #fintech #fintechnews #finance #technology #financialtechnology #trading #settlements

The Depository Trust & Clearing Corporation (DTCC)'s FICC’s Government Securities Division surpasses USD$10 trillion in daily activity, setting new record #usfintech #fintech #fintechnews #technology #financialtechnology #trading #settlements

After spending the best part of a couple of decades researching #posttrade market practices, it's nice to see this area getting the attention it deserves. Now we just need more investment to fix the longstanding problems.

Another in-depth piece in The Banker on our settlement failures research with added commentary from AFME (Association for Financial Markets in Europe) and others. https://lnkd.in/eJZ_cW46 #posttrade #fintech #finreg

The Depository Trust & Clearing Corporation (DTCC)'s FICC’s Government Securities Division clears record-setting USD$9.2 trillion in daily activity #usfintech #fintech #fintechnews #finance #technology #financialtechnology #trading #settlements #securities #australianfintech

The Depository Trust & Clearing Corporation (DTCC)'s FICC’s Government Securities Division clears record-setting USD$9.2 trillion in daily activity #usfintech #fintech #fintechnews #finance #technology #financialtechnology #trading #settlements #securities

In the evolving landscape of capital markets, the shift towards a T+1 settlement cycle in North America represents a significant step forward in efficiency. However, this acceleration also places a spotlight on the challenges associated with trade failures, which are exacerbated by higher interest rates, regulatory scrutiny, and the inherent lack of automation in the sector. The financial implications of these failures are substantial, with a report from Firebrand Research highlighting a global expenditure of $914.7 billion over the last decade on regulatory penalties and resolution measures, peaking in 2021 due to volatile market conditions. Gresham Technologies, with its innovative solutions like Control and Connect, positions itself as a vital player in addressing these challenges. Control, a comprehensive data integrity and control solution, provides firms with the tools necessary to ensure the accuracy and integrity of their financial data across the trade lifecycle. By automating the reconciliation process and enhancing transparency, Control helps firms identify and resolve discrepancies before they escalate into costly trade failures. Connect, on the other hand, facilitates seamless connectivity and data integration across diverse systems and platforms. In the context of T+1, where the window for trade settlement is significantly shortened, the ability to efficiently communicate and exchange data is paramount. Connect enables firms to streamline their operational processes, reduce manual intervention, and thereby minimize the risk of settlement delays and associated penalties. Both Control and Connect embody Gresham Technologies' commitment to innovation in financial technology, providing robust solutions to the challenges presented by the T+1 settlement cycle. By leveraging these technologies, firms can not only navigate the complexities of a faster settlement environment but also adopt a more proactive stance towards regulatory compliance and operational efficiency. As the industry moves towards this new norm, the adoption of such solutions will be critical in mitigating the risks of trade failures and the consequent financial penalties. #posttrade #fintech #finreg

Investment Company Institute, SIFMA and The Depository Trust & Clearing Corporation (DTCC) comment on the U.S. move to T+1 #usfintech #fintech #fintechnews #finance #technology #financialtechnology #tech #technews #T1 #trading #settlements