Raymond James
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T+1 to Impact Global Program Trading and FX
As the US transitions to shortened settlement cycle next May, a major concern is how the tighter time frame will impact overseas fund managers trading U.S. equities given the time zone differences, particularly when a foreign exchange transaction is involved.
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Industry Preps for T+1 Settlement Countdown
As banks, fund managers, and custodians gear up for what is one of the biggest changes in US market infrastructure to happen in recent times, there are implications for global trading desks and higher costs for operations and technology budgets.