DTCC plans to further streamline and speed up US equities settlement processes, following the transition to a T+2 settlement cycle last year.
A recent DTCC study showed 78% of respondents highlighted missing or incomplete SSIs as the principal pain point affecting post-trade processes.
Senior ECB advisor expressed concern over the development of a utility settlement coin project currently being backed by the top custodians.
HSBC joins the likes of JP Morgan and Brown Brothers Harriman that have gone live on the GC Direct service.
Service launched for over-the-counter FX trades, with plans to expand into all asset classes.
SIX Securities Services is launching its Advanced Settlement process in a bid to reduce the risk and costs of the settlement process.
Mario Draghi has waned of fragmentation across member states if blockchain were applied on a wide basis across Europe.
Industry participants say ‘archetypal’ deployments of blockchain do not lend themselves to settlements.
The Saudi Arabian Stock Exchange has formally moved from a T+3 to T+2 settlement cycle for listed securities.
The launch of Clearstream’s new settlement offering follows LCH’s extension of its RepoClear service.