South Korea’s financial regulator says it will prepare a roadmap by October for introducing a “T+1” stock settlement system. The plan follows the country’s current “T+2” settlement framework, under which trades settle two business days after the trading date to support settlement stability. Earlier this year, President Lee Jae Myung proposed shortening the settlement cycle to improve market efficiency. The Financial Services Commission (FSC) says moving to a shorter settlement period is intended to enhance efficiency and says it will develop related measures by October. The FSC also states that the Korea Exchange (KRX) will take steps to extend trading hours. One mentioned initiative is the introduction of an after-hours trading system in September. The statements indicate the timing for both settlement planning and trading-hour changes as separate but coordinated efforts aimed at adjusting how and when equities trade and settle. The roadmap is intended to outline how the transition to T+1 would be implemented.
South Korea plans roadmap for T+1 stock settlement by October
South Korea’s financial regulator says it will prepare a roadmap by October for introducing a “T+1” stock settlement system. The plan follows the country’s current “T+2” settlement framework, under wh...
- South Korea currently uses a T+2 stock settlement cycle, settling trades two business days after the trade date.
- The Financial Services Commission says it will prepare a roadmap by October for moving to a T+1 settlement system.
- President Lee Jae Myung earlier proposed shortening the settlement period to improve market efficiency.
- The FSC links the change to potential gains in market efficiency.
- KRX is set to extend trading hours, including introducing an after-hours trading system in September.
The country's financial regulator said Tuesday that it will draw up a roadmap by October for the introduction of the "T+1" stock settlement system. Currently, South Korea adopts a "T+2" scheme, where stock trading settlement occurs two business days after the trading date, in order to ensure settlement stability. Earlier this year, President Lee Jae Myung proposed the idea of shortening the stock settlement period to increase market efficiency. The Financial Services Commission (FSC) said the shortening of the settlement period would help market efficiency, and draw up measures by October this year. The FSC also said the Korea Exchange (KRX), the operator of the country's stock market, will take measures to extend stock trading hours, including the introduction of an after-hours trading system in September.
10 hours agoThe country's financial regulator said Tuesday that it will draw up a roadmap by October for the introduction of the "T+1" stock settlement system. Currently, South Korea adopts a "T+2" scheme, where stock trading settlement occurs two business days after the trading date, in order to ensure settlement stability. Earlier this year, President Lee Jae Myung proposed the idea of shortening the stock settlement period to increase market efficiency. The Financial Services Commission (FSC) said the shortening of the settlement period would help market efficiency, and draw up measures by October this year. The FSC also said the Korea Exchange (KRX), the operator of the country's stock market, will take measures to extend stock trading hours, including the introduction of an after-hours trading system in September.
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