T+2 Settlement Cycle To Begin September 5
IEX Trading Alert #2017 - 026
Overview
On March 22, 2017, the Securities and Exchange Commission adopted amendments to Rule 15c6-1(a), pursuant to which the standard settlement cycle will be shortened from trade date plus three business days (T+3) to trade date plus two business days (T+2). This change will be effective on September 5, 2017.
Additional Detail
T+2 settlement will begin with regular way trades executed on September 5, which will settle on September 7. Trades executed on September 1 will also settle on September 7 (T+3, as the market will be closed on September 4 for the Labor Day holiday).
More Information
Please contact IEX Market Operations or Sales with any questions:
- Market Operations: 646.343.2300 or marketops@iextrading.com
- Sales: 646.343.2100 or sales@iextrading.com
About IEX
IEX is on a mission to build fairer markets. Founded in 2012 and headquartered in New York City, IEX introduced its first trading venue in 2013 and launched as a U.S. stock exchange in 2016. IEX is the stock exchange that believes that every investor has the right to trade on equal and fair terms, on every trade. Learn more at: iextrading.com.