Wall Street stock trade settlement moves to just 1-day

The New York Stock Exchange in New York, March 28, 2023.

Victor J. Blue | Bloomberg | Getty Images

Years of work on Wall Street to pick up the pace of trading will be put to the test this week. If all goes well, most people won’t notice the difference.

Starting Tuesday, trades of stocks and several other securities will need to be settled by the end of the next business day. Settlement involves the actual swap of money for a security. This so-called “T+1 settlement” is an acceleration of the previous process, which allowed for two business days.


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