Esma advisory group warns ETFs will be hit by T+1 move
September 26, 2024--Stakeholder group calls for temporary suspension of penalties for failed trades when EU moves to one-day trade settlement |
The Securities Markets Stakeholder Group has called on the European Securities and Markets Authority to consider excusing the ETF industry from trade penalties, pointing out that due to the complexity of the European post-trading landscape "the move to T+1 in the EU could result in a temporary increase in settlement fails". |
LSEG looking to sell $669.50mln stake in Euroclear, Sky News reportsSeptember 24, 2024--LSEG has hired J.P. Morgan to sell off its 4.9% interest in Euroclear |