Wall Street Need for Speed in Stocks Reshapes FX World - Baton Systems
Baton System’s Head of EMEA, Alex Knight Featured in Bloomberg
Baton System’s Head of EMEA, Alex Knight, is featured in Bloomberg, discussing the impending shift in US equity settlement from T+2 to T+1. This change is causing challenges in the global foreign exchange market. Foreign investors may need to secure US dollars in advance to ensure timely settlement, potentially leading to longer working hours and staff relocations. The article also highlights calls for technological solutions to streamline settlements.