Reported 4 months ago
The article discusses how Wall Street is transitioning to faster settlement cycles for securities transactions in the U.S., moving from a T+2 to a T+1 cycle, where transactions must now be settled one business day after trading. Regulators and investors are preparing for potential trade failures and hiccups due to the shortened settlement period, with concerns about increased risks and operational challenges. The change aims to reduce risk and improve efficiency in the financial market, but there are expectations of initial disruptions and higher transaction costs.
Source: YAHOO