Wall Street Moves to Fastest Settlement of Trades in a Century

What does the change to T+1 mean to you? Wall Street Moves to Fastest Settlement of Trades in a Century The US stock market is finally as fast as it was about a hundred years ago. https://www.bloomberg.com/news/articles/2024-05-28/wall-street-returns-to-t-1-stock-trading-after-a-century?srnd=homepage-asia&embedded-checkout=true

Nikolas Kong

The short version is, you gotta settle all your trades in 1 day, which means cough up the cash, deliver the securities etc. in that time frame. Here is the SEC page, you should have gotten something from your broker, and you can find other info too I'm sure.

https://www.finra.org/investors/insights/understanding-settlement-cycles

The short version is, you gotta settle all your trades in 1 day, which means cough up the cash, deliver the securities etc. in that time frame. Here is the SEC page, you should have gotten something from your broker, and you can find other info too I'm sure.  https://www.finra.org/investors/insights/understanding-settlement-cycles

Trade date is the day your order to buy or sell a security is executed; settlement date is the day on which funds and the securities must be delivered. Beginning on May 28, 2024, the new standard for 

Understanding Settlement Cycles: What Does T+1 Mean for You?

Todd Smith

Trading stocks in a cash account becomes easier due to it being easier to trade with settled funds.

Jerome Cody

India and other places are already doing T+1 and trying to move to T+0. There is no real impact if the US market transitions to this format.

Nikolas Kong

A group of likeminded people in The Most Important Thing are talking about this.