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.
We were pleased to be mentioned in FundFire’s article “Alts Managers Embrace Large-Scale Moves to Optimize Fund Ops”.
Listen to our replay now on 7 simple steps to confirm your preparedness for T+1.
Article from Olmstead that talks about a worthy trend for investment managers: pairing outsourcing with transparent oversight.
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.
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.