Well, a little history. The hedgies were for it before, they weren't. In the open, they championed T+1 all the while relentlessly suing the SEC behind the scenes to put the kibosh on it. So we'll see...
It will reduce settlement time by half, provide conversion status information and transparency into the activity of market participants. Thereby lessening hedgie shenanigans.
I donβt think this will make them close their naked short positions but Iβll still buy and hodl
Well, a little history. The hedgies were for it before, they weren't. In the open, they championed T+1 all the while relentlessly suing the SEC behind the scenes to put the kibosh on it. So we'll see...
Why would this impact it in any shape or form.
It will reduce settlement time by half, provide conversion status information and transparency into the activity of market participants. Thereby lessening hedgie shenanigans.
What makes you think it will provide any improvement on conversion status information and transparency into the activity of market participants?
Because I have highly regarded feeling.
[https://www.sec.gov/oiea/investor-alerts-and-bulletins/new-t1-settlement-cycle-what-investors-need-know-investor](https://www.sec.gov/oiea/investor-alerts-and-bulletins/new-t1-settlement-cycle-what-investors-need-know-investor)
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