Shift to T+1 set to intensify the need for automation in FX
Increased execution and settlement options set to drive T0 volumes, asserts Global Financial Markets Association (GFMA) report.
Tag: GFMA
T+1 risks a surge in fails for FX-dependent trades, says GFMA
Report by the association has found that T+1 could put pressure on funding of securities transactions involving FX.
Trade bodies push greater transparency for clearing members
FIA, GFMA, IIF, ISDA and TCH have responded to recent CPMI-IOSCO guidance urging for greater transparency for clearing members.