February 13, 2022
As mentioned by others and a completely logical conclusion when judging our current technological potential, T+1 and even T+0 are already in scope as delivery deadlines for trades.
The benefits are clear as day to anyone taking part in the modern stock market, where time wasted and delays in execution only facilitate further risk, especially accumulating as institutions are widely taking advantage of delayed settlement cycles in order to enrich themselves, while liquidity is also suffering, through exactly that time gap.
All of this to the detriment of the trader, but also long term investor especially when they once again need to finance mishandling of systemic risks due to such systems, as well as the higher order market participants
who may mishandle their calculations and risk assessment.
I wholeheartedly agree with the changes in settlement, though an implementation window of 2024 will a very long time to leave equity markets exposed to such unnecessary risk and I want to address the ease by which a T+0 Execution would help reduce risk and ensure fairness in the US market.