EU Firms Urged to Automate Trade Processes Before T+1 Shift

The European body charged with overseeing the transition to a faster trade settlement regime urged firms to invest in automation, saying that the switch to what’s known as T+1 will increase the attractiveness of the region’s markets.

Financial firms across the bloc need to eliminate manual processes that create bottlenecks when processing trades, according to recommendations from the EU T+1 Industry Committee seen by Bloomberg. The European Union is expected to move from a two-day to a one-day securities settlement regime in October 2027, with the UK and Switzerland moving in tandem.