Next Year T+1 trading settlement time will be in effect. It is coming!
On February 15, 2023, the Securities and Exchange Commission (SEC) adopted rule amendments to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one business day after the trade date (T+1).
The final rule is designed to benefit investors and reduce the credit, market, and liquidity risks in securities transactions faced by market participants. The SEC believes that further shortening the settlement cycle to T+1 will reduce market participants' exposure to unsettled transactions.
The final rules will become effective 60 days following the date of publication of the adopting release in the Federal Register, but the compliance date for the rule change will be May 28, 2024.
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