Buy-siders to face rising settlement risks when 2 becomes 1

Non-US asset managers may miss crucial window to settle trades with CLS after switch from T+2 to T+1

For the last few years, concerns about settlement risk have prompted regulators to look at ways to push more flow into payment-versus-payment (PvP) systems such as CLS.

However, those efforts could be upended on May 28, 2024, when the time it will take to settle US corporate debt and equity transactions is reduced from two days to one day after the trade date, or T+1. At this point, the FX-related trades that investors will have to carry out to fund the purchase or sale of these securities will

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The evolution of the sell-side front office: FX options

smartTrade is observing a significant trend among its clients and prospects: banks are increasingly enhancing their sell-side front office offerings by incorporating more sophisticated products such as FX options into their end-client solutions

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