The overhaul of the settlement cycle for U.S. securities has gone smoothly this week, with all trades having settled, U.S. Securities and Exchange Commission...
NEW YORK - The overhaul of the settlement cycle for U.S. securities has gone smoothly this week, with all trades having settled, U.S. Securities and Exchange Commission Chair Gary Gensler said on Friday.
"The historic conversion from T+2 to T+1 has gone smoothly thus far," Gensler said in an emailed statement on Friday. "We remain in close contact with the clearinghouses and other market participants as we continue to monitor the transition ahead of increases in trading volumes expected this afternoon.
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