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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.
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