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Market
Performance of fintech companies by end of 2024 post-T+1 implementation
5
Resolution / Starting Odds
Significant growth • 33%
Stable growth • 33%
Decline in performance • 34%
Financial news analysis and company performance reports
Story
US Stock Market to Modernize with T+1 One-Day Settlement Cycle
May 27, 2024, 08:50 PM
The US stock market is set to modernize its trading cycles by reducing the settlement period for stock trades from two days to one day. This change, effective from tomorrow, marks a significant shift in the financial industry, bringing the market's speed in line with what it was about a hundred years ago. The move comes under new rules established by the Securities and Exchange Commission (SEC) and is anticipated to enhance the efficiency and responsiveness of the market. The new settlement cycle is referred to as T+1.
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Underperforms against all major tech stocks • 33%
Performs similarly to major tech stocks • 34%
Tech sector outperforms other sectors • 33%
Tech sector performs on par with other sectors • 33%
Tech sector underperforms compared to other sectors • 34%
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Outperforms most • 25%
Performs on par • 25%
Underperforms • 25%
Tech stocks surge • 25%
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Outperforms traditional financial products • 25%
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Significantly underperforms compared to traditional financial products • 25%