2021 saw the publication of Citi’s inaugural report on the state of market infrastructures and securities services. The detailed findings of that report were only possible thanks to the valued participation of financial market infrastructures (FMIs) and market participants in the 100+ markets around the globe in which Citi has a presence. For this year’s report we have again benefited from their time and expertise in making this research as comprehensive as possible and we would like to extend our thanks to them all.
Last year, many of the trends we observed in automation and digitalization 1 were strongly driven by the pandemic. This year, however, the pandemic was barely mentioned, and there was a greater sense of momentum and purpose in all developments across the industry. In addition to the transition to T+1 in certain major global markets, FMIs and others are engaging in an increasing number of development projects, pilots, innovations and collaborations, which will facilitate future improvements to the settlement process.
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