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India is the first country globally to move towards a trading+1 (T+1) settlement cycle from the existing T+2 for all scrips. It will be followed up by a one-hour settlement of trades by March, which would be a stepping-stone for instantaneous settlement in the stock markets, says Madhabi Puri Buch, chairperson of SEBI.
Indian Stock Market: Sebi plans to enable 1-hour settlement of share purchases in demat accounts by the end of 2023-24, before shifting to the ambitious instant settlement system
Technology for one-hour trade settlements already exists and the regulator is confident about the same, says an official
The integration of features such as distributed market infrastructure (DMI) technology from Calastone will also strengthen HSBC’s global ETF services with real-time connectivity to market updates.
(2023-08-13) Blockchain Event onXDC Live Debuts in Austin, Texas on August 25-26