The ValueExchange

𝟱𝟴% 𝗻𝗼𝘄 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗶𝗻𝗴 𝘁𝗵𝗲𝗶𝗿 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗧+𝟭 𝗽𝗹𝗮𝗻𝘀. 📊 Download the key findings: https://lnkd.in/e5HQjzPW The second EU T+1 Industry Committee readiness survey from H1 2026 shows strong progress across the market, alongside clear readiness gaps in planning, dependencies and fund share dealing. The data shows: 🔎 64% cite counterparty and vendor dependencies as a core concern 🔎 54% have not yet received guidance from their IT or service providers 🔎 41% of firms involved in fund share dealing have not yet developed a T+1 plan 🔎 83% of firms are actively engaged on T+1 in Europe A useful snapshot of where the market stands today, and what still needs attention as preparation continues. #Tplus1 #T1 #AcceleratedSettlement #PostTrade #CapitalMarkets #EU

#webinar T+1 in the EU, UK and CH – where does readiness stand today? 🖥️ 𝗪𝗮𝘁𝗰𝗵 𝘁𝗵𝗲 𝗿𝗲𝗽𝗹𝗮𝘆: https://lnkd.in/dS2D8Vqb The latest Q1 2026 T+1 key findings show how readiness is evolving across the #EU, #UK and #Switzerland, where progress is being made, and which areas now need the closest attention. In our recent webinar Céline Duquaine (Euroclear), Marko Niederheide (Clearstream), Matt Johnson (DTCC), Simon Belser (SIX) and Emma Johnson (The ValueExchange) discussed what the findings mean for firms preparing across the three markets: 🔎 83% of UK firms, 80% of EU firms and 79% of Swiss firms are actively engaged in T+1 🔎 Only 14% of EU and UK firms consider themselves fully prepared 🔎 More than a third of firms expect to miss the end-2026 deadline for same-day allocations and confirmations 🔎 Progress now depends on build, testing and coordination across increasingly visible market dependencies #Tplus1 #AcceleratedSettlement #PostTrade #CapitalMarkets #EUmarkets #UKmarkets #SwissMarkets

The average firm is 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝟮𝟬% 𝗺𝗼𝗿𝗲 𝗼𝗻 𝗗𝗟𝗧 𝗮𝗻𝗱 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁𝘀 𝘁𝗵𝗮𝗻 𝗹𝗮𝘀𝘁 𝘆𝗲𝗮𝗿. 📊 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀: https://lnkd.in/eihTx2FF That's the starting point for the 𝟳𝘁𝗵 𝗮𝗻𝗻𝘂𝗮𝗹 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗗𝗟𝗧 𝗶𝗻 𝘁𝗵𝗲 𝗿𝗲𝗮𝗹 𝘄𝗼𝗿𝗹𝗱, in partnership with Accenture, Broadridge, ISSA - Intl Securities Services Association and Taurus SA. Inside the key findings: 🔎 the 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝗳𝗶𝗿𝗺 𝗶𝘀 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝟮𝟬% 𝗺𝗼𝗿𝗲 on DLT and digital assets than last year 🔎 𝟭𝟮% 𝗲𝘅𝗽𝗲𝗰𝘁 𝗼𝘃𝗲𝗿 𝗨𝗦𝗗 𝟭𝗯𝗻 in monthly DLT transaction volumes in 2027 🔎 𝟮𝟳% 𝗲𝘅𝗽𝗲𝗰𝘁 𝗰𝗼𝗹𝗹𝗮𝘁𝗲𝗿𝗮𝗹 𝘁𝗼𝗸𝗲𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻 to become their largest institutional activity 🔎 𝟳𝟭% 𝗽𝗹𝗮𝗻 𝘁𝗼 𝘂𝘀𝗲 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 🔎 𝟰𝟳% are 𝗿𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝗮 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗘𝘂𝗿𝗼 Since 2020, the annual ISSA and ValueExchange “DLT in the Real World” industry survey has been providing unique, market-wide clarity on the DLT and digital asset realisation journey. #DLT #DigitalAssets #CapitalMarkets #Tokenisation #tokenization #Stablecoins #PostTrade #VXinsights

𝟲𝟰% 𝗼𝗳 𝗳𝗶𝗿𝗺𝘀 𝘀𝗲𝗲 𝗧+𝟭 𝗱𝗲𝗮𝗹𝗶𝗻𝗴 𝗰𝘆𝗰𝗹𝗲𝘀 𝗮𝘀 𝘁𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿 𝗼𝗻𝗲 𝘁𝗵𝗿𝗲𝗮𝘁 𝘁𝗼 𝗡𝗔𝗩 𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲 𝗶𝗻 𝟮𝟬𝟮𝟲.  📊 Download the key findings: https://lnkd.in/e-V8hfpG That is one of the clearest signals from our latest "𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻" key findings, developed with FIS and based on input from #405 global experts. 𝗧𝗵𝗲 𝗱𝗮𝘁𝗮 𝘀𝗵𝗼𝘄𝘀:  🔎 𝟰𝟭% now prioritise resilience over speed in NAV processes  🔎 𝟰𝟳% still use spreadsheets to consolidate investment views  🔎 𝟳𝟳% of fund administrators are under pressure to deliver real-time data  🔎 𝟴𝟲% expect to accelerate NAV production by 2028  🔎 NAV-related spend now accounts for 𝟯.𝟱 𝗯𝗮𝘀𝗶𝘀 𝗽𝗼𝗶𝗻𝘁𝘀 in fund TER A timely view of how operating models, data and valuation processes are being reassessed. The findings show a market balancing resilience, speed and structural change across investment accounting. #InvestmentAccounting #FundAccounting #NAV #AssetManagement #Operations #IBOR #PostTrade #CapitalMarkets #VXinsights

𝟰𝟳% 𝘀𝗮𝗶𝗱 𝟮𝟬𝟮𝟱 𝘄𝗮𝘀 𝗯𝗲𝘁𝘁𝗲𝗿 𝘁𝗵𝗮𝗻 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱. But the positivity isn’t evenly distributed. 📊 Download the key findings: https://lnkd.in/e8JzGQ9c The key findings from our 𝗽𝗲𝗼𝗽𝗹𝗲 𝘀𝘂𝗿𝘃𝗲𝘆 𝟮𝟬𝟮𝟲 point to an industry that remains motivated by roles and colleagues, a disconnect with the purpose of their work, open to new technology, and still placing high value on flexibility and industry connection. The data shows: 🔎 75% from investors had a better-than-expected year vs 67% from FMIs having a worse year 🔎 Staff with no direct reports are almost twice as positive 🔎 39% struggle with why they work (purpose and vision) 🔎 72% feel their efforts aren’t rewarded with promotion 🔎 71% see AI as a motivating factor, not a threat ❓ Does something look different? Stay tuned for more to come. #PeopleStrategy #Leadership #WorkplaceCulture #CapitalMarkets #FutureOfWork #VXinsights

Overnight trading remains niche at under 1% of total daily volume in the US. But, pre-core sessions between 4am and 8pm already represent 10% to 12% of volumes, made up largely by tech stocks. Asian retail investors represent a large majority of liquidity, with about 80% of overnight flows coming from APAC. If you're curious about what 23x5 markets will mean in practice, the issues it represents, and the current roadmap, take a look at replay of the SIFMA and Broadridge webinar "𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝗮 𝟮𝟯𝘅𝟱 𝗺𝗮𝗿𝗸𝗲𝘁", available on demand. Barnaby Nelson took part, as the experts explore what firms need to do to prepare for the change.

#webinar #𝘁𝗼𝗸𝗲𝗻𝗶𝘀𝗲𝗱 #𝗰𝗼𝗹𝗹𝗮𝘁𝗲𝗿𝗮𝗹 - 𝘄𝗵𝗮𝘁 𝗵𝗮𝘀 𝗯𝗲𝗲𝗻 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝗱, 𝘄𝗵𝗮𝘁 𝗻𝗲𝗲𝗱𝘀 𝘁𝗼 𝗯𝗲 𝗿𝗲𝘀𝗼𝗹𝘃𝗲𝗱?  🖥️ Watch the replay: https://lnkd.in/e-nEPpcb 📊 Download the research: https://lnkd.in/eTyUbTT3 Regulated firms have completed live repo transactions on weekends using real securities and real cash on the Canton Network. What is the roadmap forward now? In our recent tokenised collateral goes global webinar, in partnership with Digital Asset, Barnaby Nelson (The ValueExchange), Bud Novin (LSEG), Chris Zuehlke (DRW), Dan Eckstein (Virtu Financial), Elisabeth Kirby (Tradeweb), Joel Stainton (Bank of America) and Joseph Spiro (The Depository Trust & Clearing Corporation (DTCC)) discussed what these transactions show about collateral mobility, settlement timing and the path to broader adoption. The session focused on several core themes: 🔎 This is a present tense discussion, and the cost of inaction is measurable 🔎 24/7 markets are forcing change 🔎 The old and new worlds must co-exist; the change won’t be a big bang 🔎 Commercial bank money is the institutional cash solution, not stablecoins 🔎 The roadmap ahead, from testing to MVP; the importance of DTCC’s development and regulatory clarify #Tokenisation #CollateralManagement #Repo #DigitalAssets #CapitalMarkets #VXinsights #Canton

𝗨𝗦𝗗 𝟭.𝟭𝗯𝗻 is the 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝘁𝗶𝗲𝗿 𝟭 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗯𝘂𝗱𝗴𝗲𝘁 𝗶𝗻 𝟮𝟬𝟮𝟲. And it looks set to 𝗴𝗿𝗼𝘄 𝗯𝘆 𝗮 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝟲-𝟳% 𝗶𝗻 𝟮𝟬𝟮𝟳. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀: link in the comments 👇 What is the cost of change in 2026? How are firms building their investment plans? And how are they balancing the cost of resilience and transformation? 𝗠𝗮𝗸𝗶𝗻𝗴 𝗲𝘃𝗲𝗿𝘆 𝗱𝗼𝗹𝗹𝗮𝗿 𝗰𝗼𝘂𝗻𝘁, in partnership with Broadridge and ISSA - Intl Securities Services Association, shows: 🔎 Average securities operations budgets are >𝗨𝗦𝗗 𝟭𝗯𝗻 for tier one firms in 2026 🔎 Wealth managers and brokers are out-investing peers 𝗯𝘆 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝟮𝟱% 🔎 𝟰𝟰% of costs are still tied to legacy platforms 🔎 >𝗨𝗦𝗗 𝟭𝟯𝗺𝗻 in annual cost can be created by market infrastructure change 🔎 𝟰𝟵% of firms are engaged in system replacement #SecuritiesOperations #PostTrade #AssetServicing #CapitalMarkets #InvestmentStrategy #VXinsights

📊 #NewResearch have your say - how is industry preparation for 𝗺𝗮𝗻𝗱𝗮𝘁𝗼𝗿𝘆 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝗰𝗹𝗲𝗮𝗿𝗶𝗻𝗴 𝗼𝗳 𝗨𝗦 𝘁𝗿𝗲𝗮𝘀𝘂𝗿𝗶𝗲𝘀 shaping up? We have launched new research on US mandatory central treasury clearing, sponsored by BNY, Broadridge, The Depository Trust & Clearing Corporation (DTCC) and SIFMA. 👉 Participate in the research: https://lnkd.in/eqE2pscv Off the back of our pulse survey last year, and as we get closer to implementation, your view will help the market prepare across key areas: 🔎 Clearing model decisions 🔎 Execution and cost 🔎 Operational bottlenecks 🔎 Unresolved areas such as done-away clearing, pre-trade credit and clearing checks 🔎 Client impact and market structure Participants will receive a personalised benchmark versus peers, helping you compare their own position with the wider market.  The survey takes 10 minutes and is open until 8 July 2026.   #USTC #TreasuryClearing #Repo #Clearing #Collateral #CapitalMarkets #PostTrade #VXinsights

#webinar 𝗧+𝟭 𝗿𝗲𝗮𝗱𝗶𝗻𝗲𝘀𝘀 𝗶𝘀 𝗲𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗲 𝗘𝗨, 𝗨𝗞 𝗮𝗻𝗱 𝗦𝘄𝗶𝘁𝘇𝗲𝗿𝗹𝗮𝗻𝗱 🔗 Link to register: https://lnkd.in/dJ9efFvW Following the key findings launch last week, join our webinar on 𝟳 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟲 to hear how market participants and infrastructure providers are assessing progress across the three markets. 📅 7 July 2026 ⏰ 10:00 AM ET / 3:00 PM BST / 4:00 PM CEST Join: 🎙️ Céline Duquaine, Product Manager, Settlement, Euroclear 🎙️ Emma Johnson, Head of Industry Advocacy & Insight, The ValueExchange 🎙️ Marko Niederheide, T+1 Project Manager, Clearstream 🎙️ Martin Lawrence, Chief Customer Officer, The ValueExchange (moderator) 🎙️ Matt Johnson, Executive Director, ITP International Strategy and Industry Relations, The Depository Trust & Clearing Corporation (DTCC) 🎙️ Simon Belser, Head Custody Operations at SIX and Co-Chair of the 𝗦𝘄𝗶𝘀𝘀𝗦𝗣𝗧𝗖 We’ll discuss: 🔎 how readiness compares across the EU, UK and Switzerland 🔎 where firms are making progress 🔎 the dependencies shaping implementation 🔎 what comes next in market preparation #Tplus1 #T1 #AcceleratedSettlement #PostTrade #CapitalMarkets #EU #UK #Switzerland #CH