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It blew my mind when they went from T+3 to T+2. I couldn't fathom why they would go about changing it, but not go to overnight settlement. Government, though.
by kolbe 6y ago
It blew my mind when they went from T+3 to T+2. I couldn't fathom why they would go about changing it, but not go to overnight settlement. Government, though.
- aeyes 6y agoYou might be surprised how much of the modern world is running on CSV files on FTPs.
- throw0101a 6y ago> Government, though. Equities clearing and settlement is done privately: * https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_... If the members of the DTCC want to have it done faster, they'll request it. There's been talk, but it involves everyone agreeing to it and changing their internal workflows as well AFAICT.
- deleted 6y ago[deleted]