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SIFMA, ICI & the DTCC are now urging that U.S. markets move to T+1 in the first or second quarter of 2024.
The goalpost for the move by U.S. equities markets from T+2 to the shorter T+1 settlement cycle has shifted from 2023 to the first half of 2024 after an outreach to the industry revealed that more time was needed to revamp and test systems, workflows, and operations to facilitate this fundamental change to securities transaction processing....
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