In this week’s roundup, we look at the latest global market developments including the impact of the T+1 settlement framework in the structured products market; CBK's FX derivatives migration to Murex; new activity around AMCs in Switzerland and Taiwan; and more.
On Tuesday, the US markets opened with T+1 settlement following more than three years of preparation, after Canada, Mexico and Argentina implemented the change the day before when it was a public holiday in the US. ‘Securities’ as defined cover equities, corporate bonds, unit investment trusts (UITs), mutual funds, ETFs, American depositary receipts (ADRs) and options Moving from T+2 to T+1 does not merely mean investors have 50% less time to carry out post-trade processing. Bank