Reported 4 months ago
Starting next Tuesday, Wall Street is set to see its biggest trading change in years as the standard settlement cycle for broker-dealer transactions shifts from "T+2" to "T+1," meaning transactions will be settled in just one business day instead of two. This change is expected to make market plumbing more resilient and reduce volatility in margins, with some financial firms preparing for potential bumps in the transition. The move towards T+1 is seen as beneficial for both institutional and retail investors, aiming to free up liquidity and mitigate risks in the market.
Source: YAHOO