A transformational shift in the world of capital markets is underway. Starting May 28, 2024, the US Securities and Exchange Commission (SEC) plans to implement the T+1 settlement cycle, testing for which will begin on August 14, 2023. Canada is also expected to follow suit.

Europe too is gearing up for its move, with AFME establishing a T+1 industry task force, but the lack of any important dates regarding its move to T+1 is a concern for many.

India and China are currently the only two countries that have already adopted a T+1 settlement cycle. India adopted the T+1 cycle for its equity markets, and China uses a combination of T+0, T+1, and T+2.

But what can we take away from India and China's successful T+1 journeys? Find out how the two pioneers of T+1 can help the US, Europe, and the rest of the world move towards faster settlements and set the stage for a new era of trading.