Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:maka wrote:Pesa Nane wrote:Sufficiently Philanga....thropic wrote:Even more urgent is for the NSE/CDSC/CMA to bring down the trading period from T+4 to T+1 or even day trading.
This will boost liquidity and Greater price discovery! @SPT, the equity settlement cycle moved from T+4 to the current settlement cycle of T+3 in 2011.  T+1 is more than welcome!! Boss very few markets can seamlessly effect T+1 actually from the top of my head the market that is close to that is Deutshe Borse (sp) T+2 for german citizens...the volumes might not be big in our market but reduction of trading to settlement time needs a huge investment on MTFs and other of the exchange platforms.Not impossible but hard to execute... Forget T+1, we are going for day trading like in NYSE. Okay? Also my friend @maka aka the politician,incase you have forgotten or were too young then,NSE had T+1 which we called prompt board until around 2008. Remember that? Thanks for the honorary title...I for one did not say its impossible I said it will be difficult the pressure on the computer and operations systems would be immense and the likely hood of fail trades will most definitely increase...but with the advent of securities borrowing and lending this will definitely be covered...what does the LSE,Frankfurt SE,NYSE,Six Swiss,Singapore exchange,TSE,Euronext have in common?non of them uses a T+1 cycle...The Euro zone tried to implement it but failed...its not that easy...achana na hiyo ya prompt board... possunt quia posse videntur
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