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SIFMA, ICI & DTCC have declared the T+1 transition a victory despite ongoing settlement woes across the industry.
The Securities Industry and Financial Markets Association (SIFMA), Investment Company Institute (ICI), and the Depository Trust & Clearing Corp. (DTCC) released a report early last month declaring victory in the push for a shorter settlement cycle for markets in North America. However, the report fails to address some of the issues that have emerged over...
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