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Home World New Zealand

NZX, ASX need for speed as T+1 takes off in US Investment News

19 May 2024
in New Zealand
NZX, ASX need for speed as T+1 takes off in US Investment News
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Iain Martin: BNP Paribas Securities Services NZ country head

Australasian stock exchanges are preparing for a shift as the world’s largest equity market halves settlement time next week.

NZX and ASX are considering moving to ‘T+1’ trading to match the new speed limit for North American bourses starting on May 27 and 28.

US, Canadian, and Mexican exchanges will speed up from the current two-day settlement period for equities to…

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Tags: ASXInvestmentNewsNZXspeedtakes
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