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The T+1 settlement cycle, which was implemented in January, has made the market more efficient, more liquid and reduced the risk in the system, SEBI's whole-time member Amarjeet Singh has said
"India is the first jurisdiction in the globe that has moved to T+1 settlement (trade plus one day). We are now talking about one-hour settlement and that will be a stepping-stone to instantaneous settlement. And this will be in a reasonably short period of time," said Buch at the Global Fintech Fest.
India Business News: MUMBAI: Settlement of stock trades is set to change dramatically by 2024.
The Securities and Exchange Board of India is all set to launch the one-hour trade settlement. Here is a quick introduction to the same.
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