Moving to T+0 Embeds More Risk - Traders Magazine
'T end of day' settlement won't be easily achieved, says SIFMA's CEO.
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'T end of day' settlement won't be easily achieved, says SIFMA's CEO.
US markets will benefit from still strong growth, low-interest rates, and its world-leading tech sector,” analyst Josh Gilberts says.
SIFMA, DTCC and the Investment Company Institute ICI outlined their plans to shorten the settlement cycle for U.S.-issued securities: Accelerating the U.S. Securities Settlement Cycle to T+1; the end of Q2 in 2024 as the target date for completion.
<p><span>The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) today published a report targeting the first half of 2024 to shorten the U.S. securities settlement cycle from trade date plus 2 days (T+2) to trade date plus one day (T+1).</span></p>
Modest tick size reform and enhanced best execution are among five key recommendation.