Laurence Jones, Americas Regional director of FIX, and Steve Kelly, director at CME Group and co-chair of the FIX Global Post Trade Committee share insights with Anna Reitman at Securities Finance Monitor on how the move to T+1 settlement for US cash equities, corporate debt, and unit investment trusts is reshaping the industry and securities...
Month: May 2023
Post
FIX Trading Community publishes draft standards for settlement status messages
There is increasing industry discussion on trade settlement across the trading and operations functions throughout regions, especially as the industry looks at the implications of certain markets moving to a T+1 settlement model. In this context, a growing number of buyside firms wish to know about the settlement status of their trades in a timely...