Some eight months since T+1 go-live across six jurisdictions in the Americas*, there remain nagging issues, such as snags with exchange-traded funds (ETFs) and corporate actions processing, FX funding issues for the buy-side, and, ultimately, increased costs, which are especially burdensome for small and medium-sized firms. We hear from Rich Robinson, chair of ISITC, on the challenges ahead for Europe as UK, EU, Switzerland and Liechtenstein follow.
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*The six jurisdictions that made the T+1 shift in 2024 are US, Canada, Mexico, Jamaica, Argentina and Peru (for dual-listed foreign securities)