US stock settlement window shortens to 24 hours, potentially disrupting $7.5 trillion-a-day forex market.
US stock settlement window shortening to 24 hours from two days begins next week, causing Asian money managers to secure funds early in their mornings when currency markets are at their thinnest. This change may potentially lead to price and flow disruptions in the $7.5 trillion-a-day forex market. In Asia, traders are familiar with market ripples caused by big trades in low liquidity hours.
May 23, 2024
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