From CNBC: 2024-05-28 09:32:09

The New York Stock Exchange prepares for accelerated trading settlement starting Tuesday. This “T+1 settlement” requires trades to be settled by the following business day, aiming for faster, more efficient markets. The shift comes after 2021’s GameStop mania exposed flaws in the settlement process, prompting more frequent updates. Retail traders should see little impact, but large dollar trades may face challenges due to international market discrepancies.

GameStop’s revival in 2024 saw shares soar after the company raised over $900 million through a stock sale. This resurgence comes after the 2021 meme stock craze shed light on settlement process issues, leading to the recent move to faster trade settlements on Wall Street. The goal is a more resilient, timely, and orderly market to benefit both investors and overall market efficiency.

Read more: Wall Street stock trade settlement moves to just 1-day