Whether driven by domestic market considerations or increasing dislocation risks, there is a strong expectation that the majority of the world’s equity flows will settle on a T+1 basis in the next ten years.

With 80% of global equity markets likely to be part of the short term move to T+1 settlements, against a backdrop of highly complex, time-critical processes, Asian back offices will be unique in May 2024 in handling the majority of their cross-border volumes on what is effectively a trade-date basis.

The majority of Asian brokers do not see their current back office systems as being ready to grow, 50% of market participants are planning large-scale technology transitions in the next 5 years.

In order to enable global accelerated settlements from Asia, a new target operating model and intelligent automation are urgent necessities.