发布: 2024/05/28 23:04 阅读: 597
Wall Street Embraces T+1 Settlement: A Historical Shift
华尔街拥抱T+1结算:历史性转变
Wall Street, the epicenter of the United States financial stock market, has embarked on a notable shift, reverting to its T+1 settlement times, reminiscent of the 1920s era. This change, mandated by the U.S. Securities and Exchange Commission (SEC), has taken effect immediately.
美国金融股票市场的中心华尔街已经开始了显着的转变,恢复了 T+1 结算时间,让人想起 1920 年代的时代。这项由美国证券交易委员会 (SEC) 强制执行的变更已立即生效。
Historical Context and Transition to T+1 Settlement
历史背景及向T+1结算的过渡
Eric Balchunas, Bloomberg's Senior ETF Analyst, hailed the announcement as "a nice primer." However, the transition raises concerns about potential time constraints, particularly for investors facing tight deadlines around market openings and closings.
彭博社高级 ETF 分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 称赞这一公告是“一个很好的入门读物”。然而,这一转变引发了人们对潜在时间限制的担忧,特别是对于在开市和收市时面临紧迫期限的投资者而言。
The Last Time Trades Settled in a Day
一天内最后一次交易结算
The last time trades concluded in a single day was over a century ago. The new SEC rules, effective May 28, 2024, reintroduce the T+1 system, which was previously abandoned due to its perceived complexity.
上一次交易在一天内结束是一个多世纪前的事了。 SEC 的新规则于 2024 年 5 月 28 日生效,重新引入了之前因其复杂性而被放弃的 T+1 系统。
Wall Street's Preparations and Challenges
华尔街的准备和挑战
Wall Street firms have been actively preparing for the T+1 settlement by adjusting their staff work routines. Nonetheless, the SEC acknowledges that the initial implementation may result in "a short-term uptick in settlement failures and challenges to a small segment of market participants."
华尔街公司一直在积极调整员工工作习惯,为T+1结算做准备。尽管如此,美国证券交易委员会承认,最初的实施可能会导致“和解失败的短期增加以及对一小部分市场参与者的挑战”。
Market Efficiency and Comparison to Crypto
市场效率以及与加密货币的比较
While this move by the SEC represents a step towards faster settlement in Wall Street trades, it still falls short of the instant settlement capabilities offered by the cryptocurrency market. Cryptocurrencies continue to surpass traditional stocks in terms of settlement efficiency.
尽管美国证券交易委员会的这一举措代表了华尔街交易朝着更快结算迈出的一步,但它仍然低于加密货币市场提供的即时结算能力。加密货币在结算效率方面继续超越传统股票。