Reported 4 months ago
After about a century, the US stock market is returning to settling trades in a single day with the adoption of T+1 trading system, aiming to reduce risks in the financial system. With concerns about potential issues like sourcing dollars on time for international investors and differing speeds of transactions, financial firms are preparing for the transition, led by the Securities Industry and Financial Markets Association's T+1 Command Center to address challenges and ensure readiness.
Source: YAHOO