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The finance industry met a key target to process US securities trades faster on the first day of new one-day settlement rules, although there were some delays to overnight systems. https://t.co/bUNrUkZhTU
And T+2 is gone! This was not an easy change to implement, but it's one more step toward the goal of real-time settlement. https://t.co/ySQ7g3UwXp
🔵 FINANCIAL MARKETS ASSOCIATION PLEASED WITH SHIFT TO FASTER TRADE SETTLEMENT Full Story → https://t.co/vwSJrB6q2r The Securities Industry and Financial Markets Association (Sifma) said on Wednesday it is pleased with the transition to faster trade settlement, adding it… https://t.co/q4oXxUawzV
Wall Street has transitioned to T+1 stock trading after a century, aiming to reduce risk and improve efficiency in the market. The move to next-day settlement poses unique challenges for ETF market and market participants, with the SEC shortening the settlement cycle in February 2023. The change is seen as a positive step towards real-time settlement, enhancing capital efficiency and reducing risk. The transition has been met with optimism by the Financial Markets Association, although there were some delays in overnight systems.
