Zeros and ones: Industry contemplates T+0 as the next step
With the North American transition to T+1 settlement complete, same-day settlement could be the next goalpost set, though skeptics are many.
All hands on deck—that was likely the directive for operational teams across US capital markets on May 28, 2024, the day when settlement cycles in North America moved from T+2 to T+1.
Last February, in a close vote of 3-2, the US Securities and Exchange Commission finalized a long-awaited move to T+1, giving firms around 18 months to prepare for compliance. Industry participants and onlookers told WatersTechnology last year that meeting the May compliance deadline in a timeline under two years
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