Shanghai Stock Exchange to run test after transaction delay

Shanghai Stock Exchange to run test after transaction delay

China’s Shanghai Stock Exchange will run tests on its auction and various other platforms on Sunday, the state-run Securities Times reported on Saturday, a day after an unexplained transaction delay. Friday’s delay on trades at the benchmark Shanghai Composite Index coincided with a Chinese stock rally that followed official announcements of a slew of monetary, … Read more

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

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

The US stock market is finally as fast as it was about a hundred years ago. That was the last time share trades in New York settled in a single day, as they will from Tuesday under new Securities and Exchange Commission rules. The change, halving the time it takes to complete every transaction, also … Read more