Brokers confident of smooth shift to two-day settlements

Original article by Joyce Moullakis
The Australian Financial Review – Page: 21 : 22-Feb-16

Australia’s equities and debt markets are set to adopt a two-day settlement cycle on 7 March 2016. The ASX says that more than 100 market participants have indicated that they are prepared for the so-called T+2 system, which has been in test mode since August 2015. The New Zealand Exchange is also slated to make the transition on 7 March, while key Asian markets have either adopted T+2 or are planning to do so.

CORPORATES
ASX LIMITED – ASX ASX, CHI-X AUSTRALIA PTY LTD, NEW ZEALAND EXCHANGE LIMITED, COMMONWEALTH SECURITIES LIMITED, BNP PARIBAS EQUITIES (AUSTRALIA) LIMITED

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