Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The failure rate for US securities transactions climbed on Thursday, in a timely reminder of the lingering challenges from this week’s shift to a faster trading system https://t.co/v4tITkoDH3
The failure rate for US securities transactions climbed on Thursday, in a timely reminder of the lingering challenges from this week’s shift to a faster trading system https://t.co/xLBeA1kSnS
🔵 MOVE TO FASTER SETTLEMENTS FOR US SECURITIES HAS GONE SMOOTHLY, SEC CHAIR SAYS Full Story → https://t.co/i2Q2WiEXbJ The overhaul of the settlement cycle for U.S. securities has gone smoothly this week, with all trades having settled, U.S. Securities and Exchange Commission…
The finance industry has successfully transitioned to a faster settlement cycle for US securities trades, moving from T+2 to T+1. This change, which aims to achieve real-time settlement, was implemented smoothly despite some initial delays in overnight systems. According to the US Securities and Exchange Commission (SEC) Chair Gary Gensler, the shift has gone smoothly and is expected to lower risks and expedite transactions for investors. The proportion of failed trades remained stable at 1.90% on Wednesday, the first day of the new system, but saw an increase on Thursday, highlighting ongoing challenges.
