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
We were pleased to be mentioned in FundFire’s article “Alts Managers Embrace Large-Scale Moves to Optimize Fund Ops”.
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.
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.
We were pleased to be mentioned in Financial Technologies Forum’s article “T+1 Self-Affirmation Rates Below Expectations”.
Contact us today to schedule an introductory call to learn how STP can give you back control over your front, middle, and back office.
And with greater efficiency.