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Wall Street Moves to Fastest Settlement of Trades in a Century

Bloomberg reports that trades will settle in one day for the first time in 100 years. SEC sees potential for ‘short-term uptick’ in failed deals.
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. That was the last time share trades in New York settled in a single day, as they will from Tuesday under new Securities and Exchange Commission rules. The change, halving the time it takes to complete every transaction, also occurred in jurisdictions including Canada... ...

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