Digital Asset has slowly expanded its influence with exchanges in the APAC region, and this year has made additional inroads in the US and Europe. Anthony
Shorter settlement cycles could hit non-US firms hard
Shorter settlement cycles could hit non-US firms hard
As efforts continue to shorten the settlement cycle for US securities to T+1, market participants in Asia worry about the potential implications. Print this page
The Depository Trust & Clearing Corporation (DTCC), the Investment Company Institute (ICI), and the Securities Industry and Financial Markets Association (Sifma) are currently engaged in a joint effort to shrink the settlement cycle for US securities from T+2 to T+1. Moving to a shorter settlement cycle will entail a lot of preparation on the part of market participants and there are fears that it could place additional burdens on firms outside the US.