NetworkNewsBreaks – Upstream Article Talks T+2 to T+1 Settlement Cycle, Notes Introduction of T+0 Settlement
Upstream, a MERJ Exchange stock market and global trading app, is discussing the transition to a T+1 settlement cycle for securities trading by NASDAQ and other U.S. capital markets, which means that trades of stocks, exchange-traded funds (“ETFs”), corporate bonds and other securities now settle in one business day instead of two. The article noted that “T+1” stands for “trade-day-plus-one-business-day” with trade settlement defined as the exchange of cash and securities between a buyer and seller after a trade is executed. According to the most recent Upstream article, despite U.S. capital markets transitioning to T+1, global markets lack a standard settlement…
