Wall Street “T+1” Transition, Unexpected Pain - Costs of Transfers and Buyside
Updated 2024/9/4 16:26 JST (some excerpts)
About 40% have transferred exchange and fundraising team staff
While expenses for banks etc. are decreasing, financing costs for asset management companies are rising
About 40% have transferred exchange and fundraising team staff
While expenses for banks etc. are decreasing, financing costs for asset management companies are rising
In the US stock market, the settlement period for securities transactions will be shortened in May this year, and the settlement date will be the day after the contract date (trade date).”T+1” has started. The transition seemed smooth at first glance, but according to Citigroup, it became clear that the situation was smooth sailing for many industry players.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
