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When the US moves to T+1 at the end of May 2024, firms trading ETFs will need to automate their workflows as much as possible to avoid "settlement misalignment"
While the overall benefits of moving to a shorter settlement timeframe are clear, there will also be unintended consequences.
New pieces of technology, like Synapse, assist Citi in migrating clients to newer technologies, and newer ways to settle and clear more efficiently.
As firms prepare for T+1 in May 2024, DTCC’s Val Wotton says they should also consider the complexities for cross-border trades.
As exchanges continue to embrace cloud, the decisions they make today will have long-lasting implications.