The SEC has moved to shorten the Securities Transaction Settlement Cycle from T+2 to T+1, effective May 28, 2024. This decision aims to streamline securities transactions, making the process more efficient. 

Key Points: 

• Settlement cycle shortened to T+1. 
• Broker-dealers must ensure same-day trade processing. 
• Clearing agencies are required to promote straight-through processing (STP) and report on progress. 

Prepare for T+1 with Fi-Tek’s GWES 

To navigate these changes smoothly, consider leveraging Fi-Tek’s Global Wealth Enterprise Solution (GWES). For detailed insights and strategies on adapting to T+1, fill out the form to receive our comprehensive white paper.