NYSE, NYSE Arca and NYSE American were charged with various regulatory failures stemming from five separate investigations
The blockchain platform would allow securities trades to be confirmed in real-time rather than two full business days for settlement
The move to a two-day settlement cycle is expected to help reduce overall systemic risk, enhance capital efficiency and reduce costs
Shortening the settlement cycle should result in cost savings for trading firms
The CCMA plans to provide status updates on the transition during the Labour Day weekend and help firms deal with any unexpected issues that may arise
SEC’s Office of Investor Education and Advocacy tackles the shortening of the settlement cycle
The CSA says most current trade processing practices will be adequate
The amendments are intended to ensure the transition to the T+2 settlement cycle takes place on Sept. 5 and is harmonized with the U.S.
The transition to a shorter settlement cycle is consistent with the U.S.
T+2 brings the cycle in line with other global markets