Wall St. shifts to faster settlements; bumps seen ahead
By Laura Matthews and Carolina Mandl NEW YORK- US trading on Tuesday moved to a shorter settlement cycle for securities transactions, putting investors and...
Source: malaya.com.ph
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Wall Street says shift to faster trade settlement smooth so far
USA-STOCKS/SETTLEMENT (UPDATE 3, PIX):UPDATE 3-Wall Street says shift to faster trade settlement smooth so far
Source: livemint.com
Celo integrates Chainlink's CCIP interoperability protocol
Celo integrates Chainlink for cross-chain communication as real-world asset tokenization becomes a main driver for the blockchain industry.
Source: cointelegraph.com
US Clearinghouse DTCC Says Processing Issue Resolved as Industry Hits T 1 Target
The finance industry met a key target to process US securities trades faster on the first day of new one-day settlement rules, although there were some delays to overnight systems.
Source: livemint.com
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, instead of two, beginning Tuesday. Regulators sought the new standard, commonly called T+1, after...
Source: yahoo.com