Commentary

Marianne Brown
Traders Magazine Online News

The Surprising Factor Financial Firms Need to Invest in To Accelerate Growth

When it comes to people, a firm's success relies on more than just the top contributors to the bottom line, according to FIS. In its latest report, shared with Traders Magazine, the firm says it actually found firms that are prioritizing investments in digital expertise are growing nearly twice as fast as their peers.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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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."