SEC’s Gensler Urges Europe to Speed Up Stock Settlement Times
- US, Canada and Mexico to soon settle trades the following day
- Cycle will mismatch with Europe as it remains at two days
This article is for subscribers only.
European countries should consider shortening the time it takes stock trades to settle to match up with the US, according to Gary Gensler.
The Securities and Exchange Commission chair reaffirmed on Thursday that the world’s biggest stock market will cut in half trade settlement times to a single business day in late May. Mexico and Canada are also preparing to switch to a “T+1” settlement cycle, he said.