DTCC in the News

Oct 18, 2012 • DTCC in the News

Brokers urged to speed up US share trades

Stephen Foley, Financial Times

Summary

Investors and brokers are being urged to cut the time it takes to settle U S equity trades, a modernising move that could have its biggest impact on sleepy regional stockbrokers and on investors who prefer paper stock certificates.

Two industry - run groups are trying to forge a consensus to reduce settlement times, for fear that the current three-day cycle is an unresolved source of risk to the financial system.

The initiative could run into opposition from broker-dealers who wish to avoid investing in the required technology, particularly given the other changes already demanded of them by the Dodd-Frank Wall Street reform.


Download the Congressional Testimony: Brokers urged to speed up US share trades

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