Personal Finance

Wall Street Returns to T+1 Stock Trading After a Century

Trades will settle in one day for the first time in 100 years
SEC sees potential for ‘short-term uptick’ in failed deals

WATCH: Business accelerates on Wall St. from today as the amount of time permitted to complete stock trades will halve to just one day. Kriti Gupta and Joumanna Bercetche report.Source: Bloomberg

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By Greg Ritchie

May 28, 2024 at 12:00 AM UTC

Updated on

May 28, 2024 at 8:45 PM UTC

This article is for subscribers only.

The US stock market is finally as fast as it was about a hundred years ago.

That was the last time share trades in New York settled in a single day, as they will from Tuesday under new Securities and Exchange Commission rules. The change, halving the time it takes to complete every transaction, also occurred in jurisdictions including Canada and Mexico on Monday.