Reuters
Britain's stock markets should halve the time it takes to settle a share trade to stay competitive and complete this shift by the end of 2027, a report recommended on Thursday, a step the UK government has backed to play catch up with Wall Street. Exchanges in the United States, Canada and Mexico move to settlement within one business day - dubbed T+1 - at the end of May to cut risk, catching up with India and China, meaning 55% of global equity markets will operate on T+1 or less by the end of this year. This is piling pressure on Britain and continental Europe to follow suit.