How ‘T+1’ Stock Settlement Shift Is Impacting Markets: QuickTake

Even in an age of instant communication and live financial data, investors have had to wait days to take ownership of the stocks they purchased or to receive payment for the stocks they sold. No longer. Since May 28, US stock trades have “settled” in one day rather than two. Global banks, brokers and investors were forced to review all of their post-trade technologies and procedures to ensure they were ready for the new pace of stock trading. The change has posed a special challenge to investors outside the US because global currency trading — as well as many ...