SEC to Shorten Stock Settlement Time After Meme Stock Madness

Bloomberg – In a story about the Securities and Exchange Commission’s announcement to shorten the settlement cycle to the day after a trade is made, Healthy Markets President & CEO Tyler Gellasch is quoted in the story citing that “The changes are a recognition of the way technology has accelerated the speed of trading. A days long clearing and settlement process is a significant risk in a world where trading decisions happen in nanoseconds and communications happen via microwave towers.” (Full Story).

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