Titled “The future of settlement in Europe: CSDR, T+1, and the power of data”, a Tuesday panel session at Optic 2025 sought the positive efficiencies that could be harvested with the move to T+1. CCP clearing for off-venue trades came to top an audience poll, yet more might be won with earlier-populated and broader-shared static data.
A poll asked what, for the audience in the room, is what excites them the most, when it comes to improving market efficiency/competetiveness in connection with the T+1 move. The leading answer, with 29 percent of the votes, was increasing CCP clearing for off-venue trades, closely followed by the integration of matching platforms and CSDs.
The panel, led by Goldman Sachs’s Sachin Mohindra, was made up of …
Britta Woernle, Head of Market Advocacy Europe with Trust and Securities Services, Deutsche Bank,
Daniel Carpenter, CEO, Meritsoft,
Helen Adair, Chief Product Officer, Taskize, and
Mack Gill, Head of Securities Processing, FIS Capital Markets.
Helen Adair emphasised the potential for better static-data population of trades if that data was aggregated already before the trade, rather than routinely beginning to look around for it only after the trade has happened – preferably already upon client onboarding: “It is very KYC- and AML-focused, and the static data quality is often missed.”
While North America has led the way on moving to the T+1 standard settlement cycle, Europe’s move will be a bigger move, and could require more advanced changes to the underlying processes and their technology. While American market participants may have got away with dedicating more staff to issues, the European setting will immediately require automated straight-through processing.
Referring to last week’s Sibos conference in Frankfurt, Mack Gill pointed to the long list of real-world launches that have now started coming through based on digital-asset technology – a clear shift versus the proof-of-concept focused activities that have been ticking for many years.
The yearly Optic conference, in Amsterdam on 7–8 October 2025, is hosted by the Association for Financial Markets in Europe (AFME). Optic stands for the “Operations, post trade, technology and innovation conference”. PostTrade 360° is there, with our coverage collected here.











