ASX shoots for one-day settlement dream
Joanne TranMarkets reporter
The ASX is asking for industry feedback on shifting the Australian equity market to a shorter settlement cycle, as long as it does not interfere with its rocky project to replace the ageing system underpinning all clearing and settlement.
Its counterparts in the United States, Canada and Mexico will be transitioning to a one-day or T+1 settlement cycle in late May 2024, while India is already there.
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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
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