Even in an age of instant communication and live financial data, investors still have to wait days to take ownership of the stocks they purchase or to receive payment for the stocks they sell. That’s about to change. Starting on May 28, US trades will “settle” (complete the exchange of dollars for stock) in one day rather than two. US banks, brokers and investors have been forced to review all of their post-trade technologies and procedures to ensure they are ready for the new pace of stock trad
About the ‘T+1’ Rule Making US Stock Trades Settle in a Day
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