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The T+2 Industry Steering Committee has set Sept. 5, 2017 as the day the U.S. markets will move to a shorter settlement cycle.
U.S. markets now have a September 2017 date to work toward for the move from the current settlement cycle of trade date plus three days (T+3) to a two-day cycle (T+2) because of a recommendation from the T+2 Industry Steering Committee (T+2 ISC), which is guiding the transition. At the same time, officials at the...
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