The global economy since the outbreak of the global financial crisis has been characterized by what has been labeled "slow trade," a phenomenon of the trade volume having remained sluggish relative to the economic growth rate, but this trend now appears to be changing.
The indications given by market participants suggest that this is likely to lead to very significant reductions in costs. This will feed through to increased trading activity, reduced trading spreads and lower service prices, thus improving welfare. Europe will benefit from T2S. Commercial service-providers will benefit from the level playing-field that a common platform, harmonised rules and practices and reduced complexity will bring.