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
⚠️ FINANCIAL MARKETS ASSOCIATION SIFMA SAYS IT IS OPTIMISTIC ABOUT THE PROGRESS OF THE TRANSITION TO FASTER (T+1) SETTLEMENT TO DATE
Great job. You’ve moved to T+1 settlement because it enhances capital efficiency and reduces risk. If only there was a technology that could unlock T+0 settlement….Guess what? There is. It’s called #tokenization made possible through blockchain tech. https://t.co/KGazM7D4aN
New T+1 stock-settlement rule could help active traders avoid getting their accounts frozen https://t.co/VSuiAvRkSm
#TradFi flexes its muscles… …with Wall Street finally returning to T+1 settlement a century later! 👏😆 https://t.co/lr5uH2JLwF
As the U.S. prepares to shorten its settlement cycle for equity and corporate bond trades, foreign investors are bracing for potential difficulty in securing dollars before the deadline that could result in failed trades. https://t.co/fMRBVLsUJi
Explainer: What to expect as US moves towards faster stock settlement https://t.co/GzftsJ9u99 https://t.co/q1d0bNE519
“The other big event of the week for markets is the return of T+1 — which will see trades settle in one day for the first time in 100 years.” Crypto ETFs and now this. How will advisers ever keep up with all of this innovation?!
Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions https://t.co/P3KfxT4qjO
🔵 FACTBOX-AS US MOVES TOWARDS FASTER STOCK SETTLEMENT, WHERE ARE OTHER COUNTRIES? Full Story → https://t.co/xyQ6len5fI The U.S. Securities and Exchange Commission adopted a rule in February 2023 to shorten the settlement cycle for securities transactions from two business…
Wall Street braces for faster trade settlement https://t.co/qDPHAcbvyj
Move to faster stock settlement creates unique hurdles for ETF market https://t.co/nKt2PllH57 https://t.co/574CB6zvEz
🔵 MOVE TO FASTER STOCK SETTLEMENT CREATES UNIQUE HURDLES FOR ETF MARKET Full Story → https://t.co/uaNC11UeAt The move to next-day settlement for trading in U.S. securities on Tuesday will require exchange-traded funds (ETFs) and the marketmakers to juggle multiple… https://t.co/oBJHgG1GJ3
🔵 WALL STREET BRACES FOR FASTER TRADE SETTLEMENT Full Story → https://t.co/VvEO4jIqs5 U.S. trading moves to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world's largest markets, but is expected to temporarily increase… https://t.co/xg5jN1cfEb
🇺🇸 #WallStreet Returns to T+1 Stock Trading After a Century – Bloomberg https://t.co/bSoTRRlmun https://t.co/bmmUesQNha