Tagged: val wotton

February 20, 2024 @ 9:51 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, today announced that Goldman Sachs & Co. LLC has “achieved a greater than 99% same-day affirmation rate and a significant improvement in settlement rates for transactions leveraging CTM’s Match to Instruct (M2i) workflow in… Read More

August 14, 2023 @ 11:56 am By JD Alois  |  

DTCC is currently testing T +1 – the new standard for settling trades.  Currently, trades are settled T+2. The last change was in 2017 when traders had three days to settle their securities transactions. CI received a comment from DTCC Managing Director and General Manager,… Read More

May 25, 2023 @ 10:25 am By JD Alois  |  

On March 22, 2017, the Securities and Exchange Commission (SEC) shortened the settlement cycle for trades via broker-dealers from T +3 to T +2. This change meant that when you bought or sold shares, the trades would need to be settled in 2 days instead… Read More