Sibos 2026 just wrapped in Miami, but we look beyond the press releases and headlines to what surprised us at the event; the conversations, or lack of them, on certain topics.
T+1 settlement, 23x5 clearing and trading and tokenisation are now completely connected. They make up the vast majority of work going on in the industry, and form a challenge for firms rethinking liquidity, cash movement and end-to-end processes.
In episode 9 of our Xchange podcast, Barnaby Nelson (CEO), Emma Johnson (Head of Industry Advocacy and Insight) and Mark Brannigan (Head of Xchange product) talk through:
- The post-trade triangle: how the three themes are interconnected, and should be considered together rather than as isolated initiatives
- The impact of 23x5: the compression of time available for clearing, funding and settlementwhich has potentially not yet been fully grasped
- Liquidity is the central use case for tokenisation: cash rails for digital assets may help funding needs when traditional systems are closed or slow
Keywords: trading, clearing, 24/7, 23/5, real-time, market infrastructure, Sibos, settlement, post-trade
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Find out more: https://thevx.io/research-insights
