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T+1 technical group chair Andrew Douglas calls for ‘more haste, less speed’

The group will give a firm date for the UK’s move to faster settlement when it publishes its plan later this year

By Jeremy Chan
Former Citi, Swift and Euroclear exec Douglas has the tough task of making sure UK trades settle correctly when the timeframe moves from two days after execution to one
Former Citi, Swift and Euroclear exec Douglas has the tough task of making sure UK trades settle correctly when the timeframe moves from two days after execution to one Photo: Mairo Cinquetti/Getty Images

Financial News’ Jeremy Chan will run a Q&A with a trading and technology leader every week. If you’re one of them, email jeremy.chan1@dowjones.com

The US’s move to T+1 looks to be going smoothly so far. The group planning the UK’s switchover is taking notes on how to cut settlement times to a day.

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