Euroclear and HSBC to launch AutoFX automated FX service for T+1 settlement
Euroclear and HSBC announced AutoFX, an automated FX service integrating currency conversion and execution into securities settlement for more than 30 currencies. It supports European and UK markets’ move to T+1 in October 2027, shortening the post-trade window to help clients complete funding and liquidity faster, reduce counterparty risk, and improve resilience. AutoFX is planned for early 2027.