Securities and Exchange Commission pushes for T+1 trading process, causing concern in global finance.
Wall Street's speedier trades are causing concern in global finance, with US markets set to reopen after a long weekend. The Securities and Exchange Commission's push for a T+1 trading process, reducing transaction time from two days to one, could lead to operational glitches, increased failed trades, and additional costs. Industry fears include a system where trade funding takes longer than execution, making unheralded processes like affirmation and error-fixing more challenging.
May 19, 2024
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