Relevant industry content we've curated covering a wide range of topics
Marketing Rule Violations Continue
Marketing Rule violations continue…nearly two years after the Marketing Rule’s compliance effective date, the SEC’s continues to employ a balanced approach, alternating between issuing Risk Alerts and levying fines, to drive home the message that non-compliance will not be tolerated.
STP Mentioned in Mergers & Acquisitions
STP is proud to be mentioned in Mergers & Acquisitions September/October M&A Magazine on LP’s Focus on Value. STP’s Dan Ceneviva, Head of Product and Technology discussed how it is not just more detailed data that is being demanded but the different types of data being added to what’s already expected.
Dan goes on to say that Wealth Managers are allocating more of their Ultra-High Net Worth’s capital into these funds, and there’s a growing expectation from those investors to receive the type of information that a typical retail investor is used to receiving and should be able to understand. Secondly, GPs are getting more detailed requests from LPs in the due diligence process, which includes more details about past performance and track record.
Quick Guide: Trade Settlements at STP
As an end-to-end investment operation and technology service partner, STP’s trade settlements service can help you gain efficiencies with your operational tasks.
STP Mentioned in Financial Technologies Forum (FTF)
We were pleased to be mentioned in Financial Technologies Forum’s article “T+1 Glitches Emerge Between U.S. & E.U Settlement”.
STP Featured on Nasdaq TradeTalks: The Impact of AI Innovation on Data Governance
Jim Lewis, Head of Technology at STP Investment Services and other panelist join Jill Malandrino on Nasdaq TradeTalks to discuss the impact of AI innovation on data governance and how to implement best practices across the enterprise.
STP mentioned in WatersTechnology: Zeros and ones: Industry contemplates T+0 as the next step
All hands on deck—that was likely the directive for operational teams across US capital markets on May 28, 2024, the day when settlement cycles in North America moved from T+2 to T+1.
STP Mentioned In Reuters: Failed Wall Street trades rate roughly stable under faster settlement
Our AVP, Kaisha Lourens, Schnoll, has been featured in a recent Reuters article discussing the stability of Wall Street trades under the new settlement cycle.
Kaisha’s insights on the T+1 settlement transition highlight her expertise and dedication to the industry.
Read the full article:
https://lnkd.in/dNtaMfbx
STP mentioned in the 2024 PSA Mid-year Outlook
STP’s Dan Houlihan contributed an article to the 2024 PSA Mid-Year Outlook, which serves as a resource for financial advisors, family offices, asset managers, financial analysts, and wealth managers.
Read Dan’s thoughts about the evolution of outsourcing and what is driving trends in the middle office.
STP Mentioned in Financial Technologies Forum (FTF)
We were pleased to be mentioned in Financial Technologies Forum’s article “T+1 Self-Affirmation Rates Below Expectations”.
STP Mentioned in FundFire – Alts Managers Embrace Large-Scale Moves to Optimize Fund Ops
We were pleased to be mentioned in FundFire’s article “Alts Managers Embrace Large-Scale Moves to Optimize Fund Ops”.
7 Simple Steps To Confirm Your Preparedness for T+1
Listen to our replay now on 7 simple steps to confirm your preparedness for T+1.
Are You Ready for It? Preparing for the Move to a T+1 Trade Settlement Cycle
In February 2023, the Securities and Exchange Commission (SEC) announced a move to a T+1 trade settlement cycle expected in May 2024. This move means that securities transactions must settle one business day after the trade date. Up until this point, the trade settlement cycle has been two business days (T+2). While halving the time to settlement may seem like an aggressive jump, the goal of the move is to make markets more efficient for investors and to reduce risk—just a couple of the long list of benefits that come with T+1. But that doesn’t mean there won’t be challenges.