Boston, May 29, 2014 – In the United States, the Depository Trust and Clearing Corporation is championing a move to T+2 for equities, corporate bonds, and municipal bonds. Some industry participants are keen to reduce the settlement cycle, but others are less enthusiastic. With a move toward shortening settlement cycles in evidence across the globe, what can the U.S. capital markets industry do to prepare for the inevitable change?
Based on Aite Group's interviews of brokers, custodians, and market infrastructure providers about the shortening of the settlement cycle in the United States, this Impact Note examines the benefits and challenges that the capital markets industry faces in moving to T+2.
This 23-page Impact Note contains eight figures. Clients of Aite Group's Institutional Securities & Investments or Wealth Management services can download this report.