Here's why it's time to shorten the settlement cycle for US stocks

Michael Bodson, DTCC.
DTCC
Michael Bodson is the president and CEO of the DTCC.
In this op-ed, Bodson makes the case for moving the settlement cycle for US securities from two days to one.
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In the world of one-click purchasing, instant payments, and two-hour delivery, many investors find it counterintuitive that securities trades in the US can take two business days to complete or settle, known as the T+2 settlement cycle.Given the pandemic-related ma