Saphyre: The Path to Real-Time Trading With Saphyre X

Earlier this year, US trade settlement regulations shifted from a T+2 to a T+1 mandate – meaning all US trade deals have to complete the settlement process within 24 hours as opposed to the previous 48 hours. 

In doing so, US stock markets are matching trade regulatory standards with other leading markets – the likes of European and Asian markets included. The move means US traders must adjust and speed up settlement processes. 

This is where Saphyre can support leading financial institutions by offering trade settlement in near real-time, or – as co-founders Gabino Roche Jr and Stephen Roche like to call it – ‘T+0’.

To achieve near-instant settlement, traders must put in the work pre-trade, which is where Saphyre comes in with its expertise in trade settlement cultivated over seven years.

Building on Saphyre 1 with Saphyre X

“There are two parts to Saphyre,” says Gabino. “For the first seven years of Saphyre being in operations, we’ve been focused on pre-trade services - which we’re now calling Saphyre 1.

“We call it this because it’s the first step, it’s the comprehensive solution traders need to have in one place to achieve near-instant trade settlement.”

The next part of Saphyre’s services today is its post-trade suite – Saphyre X – which effectively provides a streamlined post-trade service thanks to the groundwork being laid effectively in pre-trade.

Read the full report HERE

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