NOVA CMX runs trade capture, matching, settlement, reconciliation and exceptions on one engine, so nothing waits for a batch window or a re-keyed spreadsheet. Clients in Singapore are already settling US equities on T+1 in production today.
Deployment is measured in weeks rather than transformation programmes, and the same architecture absorbs what follows – T+0, 24×5 trading and new asset classes, without re-platforming.
Cut over 28 May 2024, setting the global pace.
T+1 complete since 2023; voluntary T+0 live alongside it.
Pakistan transitioned 9 February 2026.
A single coordinated date, legislated via CSDR Article 5.
HKEX consulted in 2026 on an indicative Q4 2027 go-live.
Turkey preparing for end-2026; LatAm cluster from 2027.
Industry taskforce formed; formal announcement pending.
Bursa Malaysia running an industry working group on the move.
Consensus is to transition after CHESS replacement completes.
Consultation stage, no confirmed timeline announced.
DFM settles T+2; no published T+1 date, but global clients already trade T+1.
If your clients trade US or European equities, you are already on T+1.
Clients trading US and European equities operate on T+1 today. Your local cycle is irrelevant to their settlement obligation.
APAC and Gulf desks lose most of the settlement window to the clock before a single exception is worked.
Without same-day FX, funding breaks. The choice is pre-funding cost or failed-trade cost.
Overnight processing presumes settlement can wait a day. T+1 removes that assumption entirely.
Email-driven exception resolution collapses under a compressed cycle, at exactly the moment volumes rise.
Every inefficiency converts directly into settlement fails, funding cost and regulatory attention.
Real-time validation and enrichment at the point of capture.
Predictive fail scoring flags at-risk settlements before cut-off.
Straight-through settlement to every CSD and custodian you touch.
Allocation and confirmation completed on T, electronically.
Automated break detection across positions, cash and instructions.
Continuous intraday reconciliation instead of end-of-day batch.
Same-day FX and funding instructions raised automatically.
Exception-only desks - people work the breaks, not the queue.
Full audit trail assembled as the work happens.
Real-time validation and enrichment at the point of capture.
Allocation and confirmation completed on T, electronically.
Same-day FX and funding instructions raised automatically.
Predictive fail scoring flags at-risk settlements before cut-off.
Automated break detection across positions, cash and instructions.
Exception-only desks - people work the breaks, not the queue.
Straight-through settlement to every CSD and custodian you touch.
Continuous intraday reconciliation instead of end-of-day batch.
Full audit trail assembled as the work happens.
Automation is no longer a competitive advantage under T+1. It is the cost of entry.
01
Compliance achieved in weeks, against a fixed regulatory date.
02
Predictive risk and automated breaks cut settlement failure cost.
03
Compressed cycles absorbed without adding operations headcount.
04
Complete audit trails, ready for supervisory scrutiny.
05
T+1 today, T+0 and 24×5 next - on the same platform.