T+1 and FX: The opportunities and challenges of a shorter settlement cycle

28 May 2024 is set to be a pivotal moment in the history of securities trading, as from this day, US trades in cash equities, corporate debt and unit investment trusts must settle T+1 instead of T+2. One of the challenges is cross-border trading and the implications for trades with a foreign currency component.

Eugene Markman and Chris Brown, cover the details on the ION Markets Blog.

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Posted in FX