Trading

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?

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‘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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