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Could the T+1 Move Drive Up Op Risks?
The industry push to shorten the U.S. securities settlement cycle from trade date plus two days (T+2) to trade date plus one day (T+1) will end batch processing, drive operational costs down, but may cause an uptick in operational risk, says Brian Collings, CEO of Torstone Technology, in this installment of the FTF Exchange podcast series The T+1 move will be “quite significant” for most securities trading organizations, Collings says. “I think, in a phrase, that batch processing is dead. So I think everything really needs to move to real time, event driven just to ensure all those normal…
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