Settling on a standard
The problem of failed trades, and the costs and risks these engender, needs to be solved. A new initiative, SSIfresh, aims to use recent advances in technology to offer a simple low-cost means of improving trade settlement. By Clive Davidson
The process of doing deals has become faster and more efficient in recent years with the move to electronic trading and other advances. The settlement of trades, on the other hand, has not kept pace. Although there have been improvements in trade settlement procedures, such as the use of electronic confirmations, settlement is still something of a hit-and-miss process, with many failures.
But even
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