Settling on a standard

Technology

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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 though the industry has agreed for some time that something must be done to reduce failed trades and

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