SPWR - Meme stock revival comes ahead of shift to T+1 settlement
2024-05-20 07:27:12 ET
Markets are only a week away from a new settlement cycle as the Securities and Exchange Commission (SEC) and the Depository Trust & Clearing Corporation (DTCC) move the industry to "T+1." Currently, market players are required to physically deposit stock in an account within two days of making a transaction, in a process known as "T+2." During that time, brokers have to post collateral to the DTCC because equity prices can fluctuate over those 48 hours and some buyers/sellers are using margin/borrowed shares, so the lag can make sure everything turns out all right....
Meme stock revival comes ahead of shift to T+1 settlement