Wall Street's Move to Faster Trading Settlement Puts Pressure on Europe
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Wall Street moving to T+1 settlement in 2024 putting pressure on EU, UK, and Switzerland to follow suit
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Shorter settlement times can increase efficiency and competitiveness but require investment in back offices and IT
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Mismatch between US and Europe could cause issues for international investors and operations staff less prepared than regulators
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Coordinating switch between EU and UK important given interconnectedness of markets to avoid shifts in trading locations
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After T+1, further moves like T+0 could happen with instant/simultaneous settlement in some markets like India and China