Commentary

Ronald Jordan
Traders Magazine Online News

Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

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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."