Next week marks a significant milestone in the securities industry: the standard settlement cycle for most broker-dealer transactions will shorten from two business days after the trade date (T+2) to just one day (T+1). This transition begins on Friday, May 24, and Tuesday, May 28, will be the first trading day operating under the new T+1 timeframe. On Wednesday, May 29, we will experience a double settlement day, with trades from both Friday and Tuesday being settled.
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