T+1: Top Two Operational Challenges To Tackle Ahead of Deadline
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Description
As the industry readies itself for the looming deadline for the acceleration of the settlement cycle to T+1, many firms, both buy and sell side will be contending with various operational challenges.  In this episode of the DerivSource Podcast, Living the Trade Lifecycle, Gabino Roche, the CEO and founder of Saphyre, shares his views on two of the top challenges - SSIs and potential after hours liquidity hiccups – that firms must address now to ensure they can settle trades efficiently and within the constraints the T+1 settlement cycle introduces. In this episode, we explore: Are firms ready for T+1 now?Are firms investing in technology and automation to prepare or relying on short-term solutions such as increasing staffing resources? What are the common hurdles firms face in adjusting SSI related processes ahead of T+1?What is the “witching hour” and how can this create potential challenges in managing liquidity?What do you think is the golden opportunity that T+1 is introducing for the industry?What should firms be focusing on now to ensure they are ready and able to settle trades on T+1 efficiently come the deadline?Related reading and resources: https://www.saphyre.com/ Follow DerivSource on LinkedIn and Twitter . See DerivSource and our Terms of Use for DerivSource.com here
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