The production environment will conform to T+2 settlement cycle until close of business on Friday, May 24.
EFAMA estimates 40% of daily FX flows will no longer be able to settle through the CLS platform
Trade bodies signed a letter against the Sovereign Debt Stability Act, recently amended in New York State.
Tool enables clients to assess where their post-trade settlement processes need work.
The growth is roughly double the volume that is expected to migrate into central clearing.
The regulator has updated Rule 605, which helps investors compare execution quality at market centers.
The House of Representatives passed the Improving Disclosure for Investors Act of 2024.
The association has long advocated for a consolidated tape for bonds in Europe.
Most firms feel they are on track to meet the May deadline for shorter US settlement.