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Wall Street braces for faster trade settlement

NEW YORK (Reuters) -U.S. trading moves to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world's largest financial market but may temporarily lead to a rise in transaction failure for investors. To comply with a rule change the U.S. Securities and Exchange Commission (SEC) adopted last February, investors in U.S. equities, corporate and municipal bonds and other securities must settle their transactions one business day after the trade...
United Kingdom Laura Matthews Deepa Babington Megan Davies Gerard Walsh Davide Barbuscia
Source: yahoo.com

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