DEEP LOOK | As TradFi and DeFi draw closer, the post-trade world is asking a pointed question: will convergence mean fewer standards, a convergence of standards, or just the mounting cost of maintaining too many?
The question sounds abstract. It isn’t. As settlement cycles compress from T+2 to T+1 and the industry looks beyond that towards T+0 and atomic settlement, the data richness, uniformity and consistency required to operate at speed and scale comes sharply into focus. Standards either enable that journey or slow it down. In the view of Paul Fullam, chair of ISITC and senior business consultant at FIS, one in particular is doing both simultaneously and the industry holds the key.