Will the SEC mandate operational efficiency?

0 Comments | M2 Presswire, June, 2004

M2 PRESSWIRE-14 June 2004-Axcess News: Will the SEC mandate operational efficiency?(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:06092004 (AXcess News) New York - As recent comment by the SEC reignites debate within the US securities industry over T 1 (next-day settlement of eligible securities transactions) and a potential mandate for the same-day affirmation of trades between brokers and their institutional customers, new research from TowerGroup underscores the critical need to establish consensus on the nature and magnitude of risk in post-trade operations.

In March, the SEC made public its long-awaited comment on the state of straight-through processing (STP) in the post-trade settlement of US securities transactions. Primarily triggered by previous T 1...