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Thread: T+2 settlement

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    short- to medium-term trader pixel's Avatar
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    Feb 2010
    Perth, WA

    Default Re: T+2 settlement

    Quote Originally Posted by Gringotts Bank View Post
    Thanks for the heads-up, GB

    As a side effect, that will also impact the gap between ex-div and record dates.
    Currently, when a stock shows a record date at "Close on Wednesday", it will trade ex-div from Open Monday morning, a gap of three trading days.
    After the move to T+2. ex-div and record day will be only two trading days apart, which means a Record Date Wednesday translates to ex-div being Tuesday.
    Artificial Intelligence is no match for Innate Stupidity.

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