Two-day stock settlement set to boost liquidity
Wong: A quicker settlement for stocks would mean that the money can be reinvested into the market faster.
BURSA Malaysia plans to shorten the trade settlement period to only two days (T+2) from three days, a move that is in line with practices in many major markets.
Under this plan, investors who buy shares through contra trading would need to settle stock trades on the local bourse in two working days compared with three days currently.
Contra trading involves buying and selling the shares without paying for them upfront. Local brokerages provide facilities for a trading limit of three to five times the value of cash and collateralised shares.
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