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From what I have heard is that they are working towards 1 day settlement, which isn't too bad. Intraday settlement may sound good on paper but it also opens up
by nightski 5y ago
From what I have heard is that they are working towards 1 day settlement, which isn't too bad.
Intraday settlement may sound good on paper but it also opens up a whole bunch of extra problems that you might not like.
- endisneigh 5y ago> From what I have heard is that they are working towards 1 day settlement, which isn't too bad. awesome - any more details? I saw this: https://www.cnbc.com/2021/02/24/wall-street-clearing-firm-proposes-1-day-trade-settlement-after-robinhood-controversy.html https://www.cnbc.com/2021/02/24/wall-street-clearing-firm-pr... I assume that's what you're referring to? > Intraday settlement may sound good on paper but it also opens up a whole bunch of extra problems that you might not like. I can imagine problems like liquidity or fraud on certain tickers, anything else? is it even possible to reverse a trade under any circumstances now?