Prime brokerage: The intersection of challenge and opportunity
The TRADE
DECEMBER 8, 2023
Settlement overhaul The SEC also greenlit the shift to T+1 settlement earlier this year, as Global Custodian has well-documented. This is a timing problem which causes issues on T+1 if there are any trade discrepancies between the asset manager and the executing broker. Obviously, that process won’t cut it in a T+1 environment.
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