More than a Token Gesture Last month, Nasdaq filed a proposed rule change with the SEC to allow the trading of tokenised equity securities and exchange-traded products on its market. Proponents of stock tokenisation suggest it has the potential to turbocharge US equities trading by enabling round-the-clock trading and instant settlement.Join buy side heads of
Posts published by “Paul Golden”
On 15 February, the US Securities and Exchange Commission adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1). The new cycle, which has a final implementation date of 28 May 2024...