Boxes and Lines
Reverse Pivoting Your Pivot with Larry Tabb
Mar 18, 2024
Market structure expert Larry Tabb discusses crypto, AI, access fees, tick increments, T+1 settlement challenges, and sub-dollar trading controversies in this must-listen episode for market structure enthusiasts.
41:29
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Quick takeaways
- Efficient block trade reallocation processes are crucial for moving to T+1 settlement in the financial industry.
- Thorough research and diligence are essential for making informed investment decisions, rather than relying on quick gains.
Deep dives
Challenges in Moving to T+1 Settlement
Moving to T+1 settlement poses challenges in the financial industry. One major issue is the need for efficient block trade reallocating processes by 9 PM, as only about 65-67% of trades currently get fully allocated by that time, potentially leading to failed trades. Another challenge involves short covering, where firms need to retrieve stocks lent out quickly. Additionally, cross-border trades face timing issues due to the lag between securities and money movements.
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