US lags in same-day affirmation

clearing capital to increase

The US market falls behind its global peers when it comes to same-day affirmation (SDA) scores and the chance that trades will fail, according to a study by post-trade utility Omgeo.

The study compares SDA scores of 24 million trades per month happening in 46 countries on Omgeo’s Central Trade Manager (CTM), Oasys Global and TradeSuite.

In markets with SDA rates over 90 percent, which include India, Taiwan, Hong Kong, Japan, Singapore and Korea, settlement efficiency is 26 percent higher than in

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