The Securities Industry Association board scrapped its efforts to move the financial services industry to T+1 by 2005, saying there is no industry consensus for shortening the securities trade settlement cycle. Instead, SIA will focus on improving overall trading efficiency through the implementation of straight-through processing technologies. For now, the current three-day settlement cycle will remain intact, said Donald D. Kittell, SIA executive vice president.
The Securities Industry Association board scrapped its efforts to move...
Sponsored
White Papers
Sponsored Content
Partner Content