Most traders and market structure analysts foresee a smooth transition to a T+2 settlement cycle in the U.S., although some custody services as well as securities lending could have some difficulties in adjusting to one less settlement day.
New rules in Europe are forcing money management firms to scrutinize the way they pay for investment research. Some are overhauling their business models, using their own money instead of client dealing commissions to pay for insights; others are building in-house capabilities to cope with the demands.
A bill introduced in the California State Assembly would require the state's two largest public pensions to divest of companies involved in the construction of a border wall between the United States and Mexico. But is it smart?