In less than a year, securities firms in the U.S. will be facing a significant change to their businesses. Effective May 28, 2024, the SEC has mandated that most securities transactions will need to be settled in a single day (T+1).
Investors will undoubtedly benefit from a shortened settlement period. For traders making domestic transactions, most will see reduced clearing fund requirements, improvements in how capital is deployed, greater liquidity and smoother, more efficient operations. On a broader level, capital markets themselves will be more efficient.
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