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Yeah there's no technical reason not to at this point, China has it. Just inertia and having to invest in the systems and processes to do it, I guess. It starte
by greenshackle2 6y ago
Yeah there's no technical reason not to at this point, China has it. Just inertia and having to invest in the systems and processes to do it, I guess. It started at like T+14 when you had to mail physical stock certificates around then +7, +5, +3, +2, I'm sure they'll get there eventually. US futures are already settled T+0.
From my limited experience back office software is a legacy clusterfuck and the Ops team has to pick up the phone and call counter-parties on T+1 to unfuck things more often than you'd think, but those are things that could be fixed with better systems if the investment was made.