Nasdaq OMX Implements T+2 in Nordic and Baltic Markets
Under the Central Securities Depository Regulation (CSDR), the settlement cycle for trades in securities, which currently allows for trades to be settled on the third day following their execution, will shorten to two days, from October 6.
“Shortening the time period between trade executions and settling payments by one day will allow efficiency benefits for market participants through the reduced systemic risk enabled by limiting exposure,” says Lauri Rosendahl, head of European cash equities and equity derivatives at Nasdaq OMX.
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