Wall Street Adopts 1-Day Stock Settlement Amid Push for Speed
TL;DR Summary
Starting Tuesday, the New York Stock Exchange will implement a T+1 settlement cycle, reducing the time for stock trades to be settled to the next business day. This change aims to make trading more efficient and reduce risks, following scrutiny from the 2021 GameStop trading frenzy. While the transition is expected to be seamless for most retail traders, it may pose challenges for large trades and international stocks.
- Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions CNBC
- Stock trades must now settle in 1 day. Why Wall Street should move even faster. MarketWatch
- Factbox-As US moves towards faster stock settlement, where are other countries? Yahoo Finance
- Wall Street is about to see its biggest trading change in years CNN
- Wall Street braces for faster trade settlement Reuters
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