Xchange Ep 9: Sibos debrief – the post-trade triangle of T+1, 23x5 and tokenisation
Sibos 2026 just wrapped in Miami, but we look beyond the press releases and headlines to what surprised us at the event; the conversations, or lack of them, on certain topics. T+1 settlement, 23x5 clearing and trading and tokenisation are now completely connected. They make up the vast majority of work going on in the industry, and form a challenge for firms rethinking liquidity, cash movement and end-to-end processes. In episode 9 of our Xchange podcast, Barnaby Nelson (CEO), Emma Johnson (Head of Industry Advocacy and Insight) and Mark Brannigan (Head of Xchange product) talk through: - The post-trade triangle: how the three themes are interconnected, and should be considered together rather than as isolated initiatives - The impact of 23x5: the compression of time available for clearing, funding and settlement which has potentially not yet been fully grasped - Liquidity is the central use case for tokenisation: cash rails for digital assets may help funding needs when traditional systems are closed or slow Keywords : trading, clearing, 24/7, 23/5, real-time, market infrastructure, Sibos, settlement, post-trade Connect with the speakers: Emma Johnson - LinkedIn Barnaby Nelson - LinkedIn Mark Brannigan - LinkedIn Find out more: https://thevx.io/research-insights

