February 18, 2022
There is no reason with modern technology that trade settlement can't be T+0, let alone T+1. T+0 could be done with telegraph, so what's the reasoning behind this archaic T+2 standard when the industry runs on fiber optic lines? Modernize the exchanges, limit the opportunity for institutions to front run securities, and enable investors to trade on cash
accounts with greater frequency. Further, this change should be implemented in half a year, the present timeline is too long. We should have T+0 trading on the proposed timeline.