Reported 5 months ago
The article discusses how Wall Street is preparing for faster trade settlement as the U.S. moves to a shorter settlement cycle initiated by a rule change from the U.S. Securities and Exchange Commission. The shift to a one-day settlement period instead of two is aimed at reducing risk and enhancing market efficiency. However, there are concerns about potential transaction failures and increased costs initially as market participants adjust to the new standard. Regulators globally are also considering similar changes to improve market infrastructure and reduce systemic risk.
Source: YAHOO