Proposals from regulators around the globe to shorten settlement timeframes for securities continue to evolve. Last year, the Securities and Exchange Commission (SEC) issued a proposed rule change to move to T+1. The Canadian Capital Markets Association (CCMA) also announced their intent to move to T+1, and the Securities and Exchange Board of India (SEBI) introduced an optional T+1 cycle which was adopted by several exchanges in February 2022.
The FIX Trading Community has produced a high-level overview of the FIX Protocol’s widely used post-trade workflows including how FIX is well placed to help firms meet the demands of processing speed and accuracy that T+1 settlement requires.
You can find this at [https://www.fixtrading.org/wp-content/uploads/2023/02/FIX-Factsheet-Accelerated-Settlement.pdf].