Business accelerates on Wall St. from today, as the amount of time permitted to complete stock trades will halve to just one day. The switch to the system known as T+1 — abandoned in the earlier era as volumes became unwieldy — is ultimately intended to reduce risk in the financial system. Yet there are worries about potential teething issues, including that international investors may struggle to source dollars on time, global funds will move at different speeds to their assets, and everyone will have less time to fix errors. Bloomberg Television’s Kriti Gupta and Joumanna Bercetche discuss.
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