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U.S. Retail Brokers Push Back on the March to Shorter Settlement
Post-trade services utility the DTCC, securities industry trade group SIFMA and major market participants want to shorten the current three-day settlement cycle, but there is pushback from some broker-dealers, particularly in the retail space. The move from settling trades on the third day after a trade is executed, known as T+3, to two days or...
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