How Will T+1 Reshape Trading and Siphon Billions a Year?: BI Replay

With the world's largest capital market poised to redefine its settlement cycle on May 28, we believe the US transition to settling trades one day after they are executed (T+1) from T+2 for most US securities could cost investors $31 billion annually. This move toward a tighter window carries profound implications not only for the US, but across global markets. From the intricacies of funding, liquidity, securities lending, foreign-exchange, and the allocation, affirmation and confirmation process, to ETF dynamics and the complex realm of corporate actions. Every facet of market structure stands to be reshaped by this evolution. Join Larry Tabb, Bloomberg Intelligence’s Head of Market Structure Research, Nicholas Phillips and Deniz Besiroglu for an in depth analysis of the implications of T+1 to global capital markets.