Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions

Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions


Key Points
  • Starting Tuesday, trades of stocks and several other securities will need to be settled by the end of the next business day.
  • For most retail traders, the change is expected to be seamless.
  • The change comes after the GameStop mania in 2021 put the settlement process under closer scrutiny.



Source

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