Commentary

Steve Grob
Traders Magazine Online News

The Periodic Table

Fidessa's Steve Grob has written a response to Marcus Ferber writing to ESMA condemning periodic auctions. The blog strongly criticizes Ferber's approach, and looks at the problems behind the "lit is good and dark is bad" attitude.

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Do you think that NY AG Schneiderman's probe into crypto exchanges will curtail growth and trading?



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July 31, 2002

T+1 Put on Hold

By Gregory Bresiger

When in doubt, delay making a decision.

That seems to be the philosophy of the Securities Industry Association. Faced with the difficult issue of when and how to go to a T+1 execution standard, the industry group decided to put off a decision until June 2004.

It is unlikely that the faster settlement standard will become effective anytime soon, because of the delay.

Why is it taking so long? "The industry," said SIA vice president Donald Kittell, "needs to focus on a more effective straight-thru processing before it can weigh a conversion to T+1."