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In this special, in-depth FTF News coverage, our reporter finds that shorter settlement times will require securities industry participants to join a more elaborate dance at a much faster pace.
When the North American securities industry starts settling trades the day after they’re executed in May 2024, it will be the culmination of a process dating back at least 30 years. Shortly after the Securities and Exchange Commission (SEC) cut the trade settlement cycle in 1993 to the third business day following trade execution (T+3)...
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