MARKET SETTLEMENT

Putin urges major expansion of Russian financial markets, cutting use of Western currencies

Putin emphasized the need for Russia to reduce imports, increase the use of non-Western currencies in trade settlements, and expand its domestic financial markets. He highlighted the growth in trade with Asia and the increasing use of the Russian rouble in external trade. Putin also mentioned the importance of boosting the share of settlements in BRICS currencies and reducing reliance on "toxic" currencies of unfriendly states. He stressed the importance of creating competitive production to reduce imports and increasing investment in fixed assets.

ET Explains: Why RBI keeps gold abroad?

The Reserve Bank of India (RBI) has been aggressively buying gold this year, purchasing one and a half times the amount bought in the whole of 2023 in just the first four months of this calendar year. A big portion of this gold is held overseas, but the RBI is now planning to bring back a portion of these reserves. This move comes amid risks following the West freezing Russian assets. The RBI holds 822.10 metric tonnes of gold, with 387.26 metric tonnes kept in safe custody with the Bank of England and the Bank for International Settlements (BIS).

Failed Wall Street trades rate roughly stable under faster settlement

The U.S. failed trades rate stood at 1.90% on Wednesday, stable from Friday, per DTCC. Market expected a rise to 4.1% post T+1 implementation, from 2.9%, as per ValueExchange.

Sebi launches beta version of calculator to arrive at settlement amount

Capital markets regulator Sebi on Thursday launched a beta version of the settlement calculator to simplify the process of arriving at the indicative settlement amount, and provide more transparency in the system.

Wall Street's faster trade settlement sees some temporary bumps

The transition to faster trade settlements in the U.S. faced bumps despite a mainly smooth switch to T+1 settlement cycle from T+2, mandated by the SEC. Market participants anticipated increased trade failures and hiccups in the securities market.

Work overnight for FPI tax papers: Sebi tells big four firms

At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory 'confirmation certificate' overnight so that offshore funds managers can repatriate the money from the sale of stocks here to other international markets the very next day.

Wall Street returns to T+1 stock trading after a century

The switch to the system known as T+1 — abandoned in the earlier era as volumes became unwieldy — is ultimately intended to reduce risk in the financial system.

Dollar firm ahead of global inflation data

​The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook.

Dollar firm ahead of global inflation data

Investors are focusing on U.S., European, and Japanese inflation data to guide the global interest rate outlook for the week, impacting foreign exchange trade dominated by the hunt for 'carry' and supporting the dollar.

US stock changes push FX trades into Asia's 'twilight zone'

Asian money managers face disruption as U.S. stock settlement window shortens next week, requiring quicker fund validation in thin, volatile currency markets.

Speedier Wall Street trades putting global finance on edge

Spurred on by the original meme-stock frenzy, the Securities and Exchange Commission is pushing the shift to reduce the chance of something going wrong between when a trade is executed and when it's settled. But the switch to what's known as T+1 comes with risks of its own.

Forex settlement next step by GIFT to onshore what's offshore

GIFT City to launch foreign currency settlement system chaired by K Rajaraman, IFSCA, supported by RBI and Clearing Corporation of India. System to settle US dollar transactions between IBUs in real-time. CCIL subsidiary to operate FCSS, aiming for operation by October 2024. Other currencies may be added later

Sebi extends settlement scheme period till June 10 in illiquid stock option cases

"It has been observed that during the last few days, a large number of entities have shown interest in availing the scheme. Considering the interest of entities in availing the scheme, the competent authority has extended the period of the scheme till June 10, 2024," Sebi said in a statement.

T+0 is more than a procedural update. It will fundamentally alter trading

The shift to T+0 has met with mixed reactions and holds immense potential to enhance market operations. Here's why it can potentially improve the efficiency in the cash markets to the next level.

T+0 settlement cycle: Dalal Street ahead of Wall Street, a precursor to instant settlement

Last month, after a long debate we witnessed the part implementation of T+0 settlement cycle for trading in the securities markets. Timely and quicker settlement is a sign of an efficient market as it reduces the risk of any wrongdoing.

Lot of 'onion peeling' for attaining global first: Sebi chief on T+0 settlements

​Attaining the global first of T+0 settlement involved a lot of problem-solving and personal discomforts, SEBI chairperson Madhabi Puri Buch has said giving the analogy of "onion peeling" for the achievement.

Beta version of T+0 settlement to be launched today: All you need to know

A 'beta version' will be implemented to ensure the smooth functioning of the shorter settlement cycle before its full-fledged launch.

A modest debut for T+0 settlement

According to BSE, 63 brokers participated in the shorter trade settlement process with 41 trading in 10 stocks. They placed a total of 329 orders which resulted in 90 trades, said the exchange in a release.

T+0 Settlement: A new dawn in Indian stock market

Traditionally, Indian exchanges followed a T+2 settlement cycle, which was shortened to T+1 in January 2023. It started in a phased manner from January 2022.

Britain to follow U.S. move to halve stock settlement time

Britain's stock markets should halve the time it takes to settle a share trade to stay competitive and complete this shift by the end of 2027, a report recommended on Thursday, a step the UK government has backed to play catch up with Wall Street.

T+0 trade cycle to begin Thursday: Will this transition be smooth or rough for D-Street?

Stock exchanges set to introduce 'T+0' settlement for select stocks, parallel to T+1. SEBI to monitor progress. Vamsi Krishna lauds benefits while concerns about market volatility persist. Transition from T+1 required infrastructure changes. Cash market volumes may decline.

Explained: How will T+ 0 settlement change the way you trade

Sebi defers full launch of same day settlement

The Securities and Exchange Board of India (SEBI) said that same day settlement, or T+0, would be launched for only 25 stocks and with a limited set of brokers to test the efficacy of a shorter settlement cycle.