"The implementation of T+1 has been relatively smooth," said Tiago Veiga, Cheif Executive at Aurum Solutions, which runs a trade reconciliation platform. While there were "teething problems" among some market participants, "a lot of our customers started to automate manual processes to cope with this added pressure well in advance of the go-live, so we're hopeful that there aren't any serious hiccups down the road," he said.

Traders in North America now have to execute and settle trades across a range of asset classes within 24 hours, following the introduction of new rules this week. While the move has been highly anticipated, market makers are watching its effects in real-time. How have traders and exchanges handled the first few days?

Dave Anfield, COO of data management platform Aurum Solutions, puts on company-wide social events (and more importantly free food) like “breakfast Mondays” and “pizza Thursdays”. The aforementioned Mr Stone has a sweetie cupboard, a “bar stocked with cocktails” and company-branded beer.

A new OnePoll survey facilitated by Aurum Solutions, specialists in next-generation reconciliation software, has exposed significant concerns among Chief Financial Officers (CFOs) and senior finance professionals over the rapid pace of digital acceleration, the impact of AI on roles within the sector and the changing political backdrop within the UK.

A survey from OnePoll commissioned by software specialists, Aurum Solutions, found that 80 per cent of CFOs and senior finance professionals expressed concern about the swift pace of digital acceleration.

Procedural issues, accounting complexities and technical discrepancies can play a key role in audit timeliness, according to Paulo Andrade, lead consultant at finance software provider Aurum Solutions.