GameStop case pushes securities market toward faster settlement
The securities industry is working to reduce the time it takes to complete payment on a stock transaction amid a call to lower the risk from events such as the GameStop Corp. trading frenzy in January.
The issue of faster completion for trades has been simmering behind the scenes for years, but it became more prominent after a popular app halted buying of GameStop stock, blaming what’s known as the settlement process.
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