An uphill climb to T+1 settlement
Next year, on the Tuesday following the Memorial Day holiday weekend, US equity and corporate debt markets will move to T+1 settlement. But it’s not the Tuesday after a holiday weekend that the industry was asking for.
Earlier this month, three trade associations sent letters to the US Securities and Exchange Commission advocating for a compliance date of September 3, 2024. The Labor Day holiday weekend is shared with Canada, which will also move to T+1 in 2024. In 2017, when the US and Canada
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