Shanghai Stock Exchange to Allow Same-Day Trading for ETFs
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The Shanghai Stock Exchange will allow same-day trading for ETFs later this month in the first move to allow investors to minimize their settlement risks.
The bourse plans to introduce rules from Jan. 19 allowing “T+0” trading for cross-border open-ended exchange traded funds, meaning market participants will be able to buy and sell securities and settle the transactions the same day, SSE said today in a statement. China currently operates a T+1 system, which settles a transaction a day later.