STP Mentioned in Bloomberg: Britain Is Targeting 2027 for T+1 Switch
STP is proud to be mentioned in Bloomberg on Britain Is Targeting 2027 for T+1 Switch, with Or Without EU.
The group spearheading the UK’s shift to a faster trading regime is preparing for the possibility that the country makes the switch in advance of the European Union, a move that could create a litany of headaches for financial professionals across the region.
STP’s expert, Kaisha Schnoll, AVP of Trade Settlements, said, “While I do think the UK move to T+1 is attainable by 2027, it will be quite ambitious for the EU to align at the same time. The EU markets are much more complex with specific market requirements, taxes, and securities that trade across multiple exchanges.”
Read the article and full comments here. STP offers trade settlements as a standalone service or a component of our Investment Operations Outsourcing solution.
