US. Wall Street braces for faster trade settlement
U.S. trading moves to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world's largest financial market but may temporarily lead to a rise in transaction failure for investors. To comply with a rule change the U.S. Securities and Exchange Commission (SEC) adopted last February, opens new tab, investors in U.S. equities, corporate and municipal bonds and other securities, opens new tab must settle their transactions one business day after the trade, instead...
