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It was interesting to read a little about how trades were settled prior to electronic records. Everyone seems to assume things worked fantastically before our s
by joosters 13y ago
It was interesting to read a little about how trades were settled prior to electronic records. Everyone seems to assume things worked fantastically before our stock exchanges were computerised, yet the errors and screw-ups were still there.
- mikestew 13y agoAnd yet it still takes three days to settle a trade (and practically, to put money in my pocket). There may be some rule that dictates this, but it's not like we are sending couriers over with stock certificates anymore.