Rosenblatt Securities invites you to a thoughtful conversation about the current state and future of the U.S. equities settlement cycle and related infrastructure and collateral issues featuring three of the industry’s top thought leaders: Robinhood CEO Vlad Tenev, Paxos CEO Charles Cascarilla, and former Vice-Chair of the DTCC and current Chairman of LedgerX Larry Thompson.
U.S. equity markets are experiencing record volumes – up more than 10% year over year, with rapidly rising retail trading – an estimated 30-35% of total volume, and a whole new generation of investors entering the market for the first time. But how is today’s trade settlement and collateral infrastructure holding up with the changing times? Come join us as we discuss the state of the settlement process, the ability of today’s infrastructure to handle new challenges, and the innovations that could pave the way for a more cost-effective, efficient, and less-risky market.
We will address these topics during our discussion:
- What is working in equities trade settlement? What needs to be changed in today’s market infrastructure and collateral rules?
- What is the need for reducing the current T+2 trade settlement to T+1 and beyond? And what are the biggest challenges in making that happen?
- How can blockchain be utilized for trade settlement enhancements?
- How is growing retail market participation and concentration in “meme stocks” affecting the efficiency of settlements and what special considerations, if any, are needed to address these new phenomena?