The following was adapted from a keynote presentation made by Paul Thomas, director of sales and marketing at Wilco International, at the second annual Electronic Trading Forum, Japans T1 Challenge in Tokyo on March 6. T1 refers to the proposed change in the settlement period for equities and some fixed income products from three business days after the date of the trade trade date 3 or T3 to one business day after the date of the trade.
T1 is both a catalyst for change, and also a key component that complements other drivers for change, all to the benefit of the marketplace as a whole and to those who...
