[ SPONSORED CONTENT | THE 2025 INNOVATION OUTLOOK ]
eventual move toward T + 0 settlement – something of a marmite topic with those in the industry.
“ The industry relies on netting for settlement efficiency,” Roche noted.“ But with 24-hour trading and T + 1, operations will effectively need to function on a T + 0 basis. Firms must invest in infrastructure to handle real-time reconciliation and settlement.”
AI-driven solutions could help manage these complexities.“ Tracking digital obligations in real time is the key,” added Roche.“ The future of settlement lies in intelligent automation, ensuring that operational bottlenecks don’ t erode trading gains.” is about automating workflows end-to-end, not just trade execution. AI can enhance efficiency, but firms must ensure data accuracy and interoperability across platforms.”
Yet, human oversight remains essential.“ Traders won’ t be replaced by AI,” said Healey.“ But those who know how to use AI effectively will have an edge.”
T + 1 settlement and the move toward real time markets With the US already transitioning to T + 1 in May 2024 and Europe aiming for implementation by 2027, the pressure is on to optimise post-trade infrastructure. Some participants foresee an
What’ s next for 2025? Looking ahead, industry participants expect further market evolution.“ We’ ll continue to see ATSs drive innovation,” said Healey.“ But I also anticipate more collaborations, where firms with complementary assets work together to enhance market efficiency.”
Boronkay emphasised the importance of regulatory developments:“ With AI, liquidity shifts, and settlement changes, regulators will play a crucial role in shaping the market’ s trajectory.”
Healey concluded with a call to action:“ Markets never stand still. Firms must continuously educate themselves, collaborate, and invest in the right technology to stay ahead.”
As 2025 approaches, one thing is clear: innovation, liquidity, and technological advancement will shape the future of trading. The firms that adapt and evolve will be the ones that thrive in this rapidly shifting landscape.
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