US primary dealers mark largest settlement failures to date under T+1
Hung-trade volumes hit highest in two years at the end of September
US primary dealers reported their highest settlement failures in two years at the end of September, highlighting another pressure point in market plumbing as Q3 came to a close.
Weekly cumulative failures to receive and deliver totalled $530.8 billion in the week of September 25, before easing to $503.4 through the following week and to $251.9 billion by October 9.
The latest figures marked a
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