India plans faster stock settlements to slow down crypto migration
The Indian stock market has been operating on a T+1 settlement cycle since 2021, which implies that all stock trades are settled the following day.
India will soon introduce a faster trade settlement mechanism for its stock market to improve competitiveness against investors’ growing inclination toward crypto exchanges.
On March 11, Securities and Exchange Board of India (SEBI) chair Madhabi Puri Buch announced its plan to introduce a T+0 trade settlement cycle by March 28. The service is optional for traders. Specifically catering to those looking for same-day settlement.
The Indian stock market has been operating on a T+1 settlement cycle since 2021, which implies that all stock trades are settled the following day. Similar to T + 0, the T + 1 settlement cycle was introduced in a phased manner.
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