Shorter securities settlement cycle in the US will limit the time allowed for the corresponding FX settlement cycle. We have been actively engaging with sell- and buy-side clients and industry bodies to better understand the implications of the T+1 shift on the FX community. As the industry moves forward, prioritizing execution and operational efficiency across the asset manager and fund community will remain a focal point, and we will continue to work to address any emerging issues in collaboration with our settlement members and the wider FX market.
Update on the impact to CLSSettlement following the move to T+1 for securities settlement in the US
Navigating the T+1 Transition: the FX impact on the asset management community
Navigating the T+1 implications for FX traders
The move to T+1 in the North American securities markets