New SEC rule says stock trades must be finalized more quickly
Stock trades must be finalized by the end of the following business day to minimize failures in volatile markets.
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Stock trades must be finalized by the end of the following business day to minimize failures in volatile markets.
The trading settlement cycle will be shortened from T+2, and months of planning and testing are needed to ensure the transition goes smoothly.
Resource provides guidance around activities, timelines, dependencies and risks associated with T+1 settlement.
<p><span>Deloitte and AccessFintech, a leading fintech company evolving the financial industry operating model through collaborative workflow, have formed a strategic alliance to assist large financial services organizations seeking to digitally transform their operations. </span></p>
Aim is to help firms overcome challenges relating to legacy IT platforms, fragmented data and manual processes.