T+1 settlement is taking wing across the globe. Earlier this month, Pakistan’s capital markets switched to T+1 settlement, replacing its long-standing existing T+2 cycle. As of February 9, all eligible trades on the Pakistan Stock Exchange (PSX) are being settled quickly on the significantly shortened timeline. According to a press release from PSX, the transition brings… Read More >>
T+1 in Two Years Says DTCC
Is T+1 settlement possible in two years? Officials at the Depository Trust and Clearing Corp. (DTCC) think so and have released a two-year industry roadmap for a one-day settlement cycle after execution for U.S. equities, also known as T+1. Building upon the successful T+2 effort in 2017, the DTCC is making its case via a… Read More >>
