Wall Street's Transition to T+1 Trade Settlement Begins Smoothly

The shift to a one-day securities settlement cycle aims to reduce risk and enhance market efficiency, despite initial processing delays.

92.76% of transactions were affirmed by 9 p.m. on the first day, exceeding the 90% target set by the DTCC.
Financial firms have been preparing for the shift by adjusting workflows and relocating staff.
Some overnight processing delays were quickly resolved, ensuring normal transaction processing.
Market participants remain vigilant for increased trade failures during the adjustment period.
The T+1 transition follows similar changes in Canada, Mexico, Argentina, and Jamaica.