New solution includes new fixed-income ETF capabilities and a no-touch process which provides increased operational efficiency and balance sheet relief.
Salerio from corfinancial provided connectivity to DTCC’s CTM trade confirmation platform as Man Group migrated its US equity post-trade workflows.
DTCC promotes previous managing director of innovation to lead global strategy, digital product development, strategic partnerships and alliances.
SIFMA, ICI and DTCC reprise their roles from the mid-2010s in shortening the US securities settlement cycle, this time to T+1.
The ALERT utility has been regarded as one of the most successful industry utilities adopted within the post-trade space.
The move will enable its institutional investor clients to invest in a wider variety of short-end investment products that they would not previously had access too.
The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.
The landmark figure is part of an industry effort to significantly improve securities settlement efficiency rates ahead of the Settle Discipline Regime (SDR).
A new white paper highlights the benefits of moving to a T+1 settlement cycle and details plans to achieve this in two years.
The comments were made before the US House of Representatives’ Committee of Financial Services, which discussed the increased volatility from retail traders in January.