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Britain eyes phased approach in move to speed up share trading

Britain will push ahead with faster completion of share transactions to catch up with Wall Street, but market participants will be given enough time to adapt their systems, the chair of a government-commissioned review said on Thursday. From the end of May, shares traded in the United States, Canada and Mexico will be settled - where legal ownership is swapped for cash - in just one business day (T+1), compared with two days at present on Wall Street and in Europe. Charlie Geffen, who chairs B...
City Of United Kingdom United States Bim Afolami Huw Jones Mark Potter
Source: yahoo.com

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