Canada is also considering a move to the shorter settlement cycle
As the U.S. industry considers shorter settlement, the CCMA ponders it too
The call by U.S. watchdogs for a shorter settlement cycle follows increased trading volume, volatility
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