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While it is essential to set a realistic date , Europe must avoid unnecessary delays . One post-trade expert advised : “ Let everyone analyse and then come up with a date based on that data . That ’ s a good way of avoiding it .” By basing the date on thorough analysis and industry consensus , Europe can prevent the pitfalls of either rushing the process or prolonging it unnecessarily .
WHAT ABOUT JUST JUMPING TO T + 0 ? One expert suggested that achieving T + 1 is realistic , but T + 0 is out of reach with the current infrastructure . They emphasised : “ It ’ s a whole new ball game . T + 0 isn ’ t possible with T2S as it stands . It would require new technology — something entirely different . T + 1 , however , is feasible now . It ’ s about adaptation and alignment across exchanges , intermediaries , market participants , retailers , and infrastructure , especially T2S .”
They further commented on the longterm goal , noting : “ T + 0 seems achievable in the future with advancements in technology . There are advantages and disadvantages to consider , but ultimately ,
T + 0 appears to be the target . Currently , though , we ’ re talking about T + 1 , possibly looking towards the end of 2027 , 2028 , or even 2029 to gauge the timeline to reach T + 0 .”
Another expert agreed , saying , “ Never say never — I believe T + 0 will come eventually , but we ’ re not there yet . For now , leveraging existing systems with T + 1 makes sense . It may not require fundamental technological change , but it certainly shifts behaviours and practices , which will ease the transition when T + 0 becomes a reality .”
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