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The rebundling conundrum

The TRADE

In May, the UK’s Financial Conduct Authority’s (FCA) implemented new rules allowing fund managers to pay for research with a joint payment option, essentially allowing for the ‘bundling’ together of payments for trade execution and research. This is an opportunity to get dealers back into the investment team’s process.

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Keeping the APAC door open as Europe moves to T+1

The TRADE

Earlier this year, the EU, Switzerland (CH), and the UK officially aligned on the proposed date for a shortened settlement cycle, with the region’s move to T+1 now set to come into force in October 2027. Conversely, Europe’s shift to one day settlement is one which is being driven by the need to stay open to investment.

Trading 59
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The TRADE predictions series 2025: Post-trade and the shift to T+1 – part two

The TRADE

Market participants readiness for key milestones, like the anticipated go-live of the European consolidated tape (CTP) in 2025 or the transition to T+1 settlement in the UK/EU in 2027, will be critical to ensure long-term success. Whilst these turning points may seem far off, the time to prepare is now.

Trading 52
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Asset management association pushes for Europe to switch to T+1 in 2026

The TRADE

The Investment Association (IA) has concluded that the UK, EU and Switzerland should transition to T+1 settlement on a date in Autumn 2026 after gathering views from its members. The post Asset management association pushes for Europe to switch to T+1 in 2026 appeared first on The TRADE.

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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. European asset managers moved staff to the US to manage foreign currency risks during the US 4PM to 6PM time zone rather than late at night in Europe.”

Trading 64
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EU proposes October 2027 for T+1 switch

The TRADE

The European Securities and Markets Authority (ESMA) has proposed a move to T+1 in the EU by Q4 2027 – in line with the UK. Published in the watchdog’s final T+1 recommendations, ESMA recommends that the migration to T+1 occurs simultaneously across all relevant instruments – with a coordinated approach across the continent “desirable”. In a (..)

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Even the smallest buy-side firms will have to spend a quarter of a million dollars on T+1 switch

The TRADE

Virginie O’Shea By analysing North Americas settlement, the report emphasised key success factors to be learned and considered for European implementation, highlighting steps such as budgets and greater post-trade automation investment to ensure success in the transition to T+1 settlement.

Trading 64