The European parliament recently mandated the European Securities and Markets Authority (ESMA) to prepare a feasibility study on moving to T+0 in the European Union. There is heated debate about markets settling on T+0. Some market participants and regulators see it as an inevitable next step once markets move to T+1 globally. Others believe the challenges are too difficult to overcome and that any benefits gained would be dwarfed by the huge costs involved and the need for fundamental changes to how markets operate. This article looks at the cost-benefit analysis for T+0, the views of regulators and market participants and some possible paths forward.
This content requires a Finadium subscription. Articles with an unlocked symbol can be accessed with free registration. Log in or create a free account by signing up here..
