Wall Street prepares for quicker trading settlement.

Reported 6 months ago

The article discusses how U.S. trading has transitioned to a shorter settlement period, moving from a two-day to a one-day settlement cycle for transactions in U.S. equities, corporate and municipal bonds, and other securities. This change, mandated by the U.S. Securities and Exchange Commission, aims to reduce risk and improve efficiency in the financial market. Industry experts anticipate some challenges in the initial phase due to manual processes, but overall, the move to a T+1 settlement cycle is seen as a positive step to lower risks associated with longer settlement times.

Source: YAHOO

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