David Pearson, Fidessa
"It is good to see that the US markets are now set on their journey towards T+2. Although some people are already questioning why it's so far off, a 30 month timeframe will give everyone enough time to identify and resolve all the business processes that will need to be updated in order to meet the shorter settlement requirement.
The move to T+2 in Europe has shown that with careful planning, and industry collaboration, it can be done without ensuing chaos and ought to be part of the learning curve for the US market. Needs to be right first time though!"