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Faster US Stock Trading Has Currency-Market Anchor CLS on Edge

(Bloomberg) -- CLS, the world’s largest foreign-exchange settlement firm, is racing to figure out a way to get the $7.5 trillion-a-day currency market ready for a huge change to trading in US stocks.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets ShiftChina Replaces Top Markets Regulator as Xi Tries to End Rout‘Money Dysmorphia&#x2...
New York United States Gordon Noonan Graham Sorrell Lisa Danino Lewis Bloomberg Businessweek
Source: yahoo.com

Wall Street's Need for Speed in Stocks Is Reshaping the FX World

(Bloomberg) -- A looming shift in the way US equity trades are settled is sending unintended shock waves through the $7.5 trillion-a-day global market for foreign exchange.Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownApple’s $59 Fake-Suede iPhone Case Is Its Biggest Dud of 2023Costco Offers Member...
City Of United Kingdom United States New York Bloomberg Businessweek Naomi Tajitsu
Source: yahoo.com

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NGX working with stakeholders to reduce settlement cycle

Due to the current reforms and competition among exchanges in global financial markets, Nigerian Exchange Limited (NGX) on Thursday revealed that it is working assiduously with the Central Securities Clearing System (CSCS) Plc and other stakeholders to reduce the settlement cycle from T+3 to T+1 over the next few years.
Martha Ehizele Jude Chiemeka Business Technology Standard Bank Group Nigerian Exchange Limited Investor Service Product Management

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