Sumitomo Mitsui Trust Asset Management Adopts DTCC’s ITP Services as Industry Prepares for U.S. Move to T+1

NEW YORK & LONDON & HONG KONG & SINGAPORE & SYDNEY--(BUSINESS WIRE)--DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that Sumitomo Mitsui Trust Asset Management is leveraging DTCC’s Institutional Trade Processing (ITP) suite of services to accelerate trade processing as the industry sets its sights on the U.S. move to a T+1 settlement cycle on May 28, 2024. Sumitomo Mitsui Trust Asset Management has adopted DTCC ITP’s CTM, including