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MSCI rebalance puts traders’ T+1 plans to the test

The US is making the transition to T+1 on 28 May — three days before one of busiest trading days of the year. Will firms be ready?

‘It’s Saturday. Who’s around to check the trades are done?’
‘It’s Saturday. Who’s around to check the trades are done?’ Photo: Michael Nagle/Getty Images

Traders’ plans to move to ‘T+1’ settlement will face a stern test as MSCI readies its latest overhaul.

The index giant is preparing to rebalance just three days after the US moves to a one-day settlement cycle for equities — and experts warn that 15 months of industry preparation will be put under fresh pressure as a result.

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