Bill Meenaghan, SSImple CEO, welcomes the European Securities and Markets Authority's (ESMA) proposed date for moving to T+1:
"The clock is ticking for market participants as ESMA's proposed shift to T+1 settlement on October 11th, 2027, looms large—especially with expectations that the UK will align with the same date. ESMA, the FCA, and the FMSB have made it clear: automating the SSI process is no longer optional but essential. With 16 firms already ahead of the curve by automating their SSIs through SSImple, the message is clear—prompt action is essential to stay competitive in the ever-evolving post-trade landscape."
