Last week saw the beta launch of the new T+0 (same-day) settlement across the BSE and National Stock Exchange, initially with 25 stocks. This is a pioneering attempt at same-day settlement for equity trades anywhere in the world. As of now, many brokerages are yet to offer the service. The Securities and Exchange Board of India (Sebi) will review progress at the end of three months, and then six months, before deciding on the next phase of implementation. Moving into a shorter settlement cycle requires significant changes to the infrastructure of trading operations, for exchanges and for brokers, and also
First Published: Mar 31 2024 | 10:04 PM IST
