Wall Street Adopts T+1 Stock Trading After 100 Years

Wall Street has transitioned to a T+1 settlement system, reducing the time to complete stock trades to one day, a speed not seen in a century. This change aims to reduce financial risk but poses challenges, especially for international investors needing to source dollars quickly. The SEC and industry groups are preparing for potential issues during the transition, with firms adjusting workflows and staffing to ensure readiness.