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Paxos Trust Company, a regulated financial market infrastructure provider, announced Instinet and Credit Suisse settled US listed equities trades on a same-day settlement cycle (known as T+0) via Paxos Settlement Service. The trades occurred at 11 AM ET and 3 PM ET and were settled at 4:30 PM ET, demonstrating the platform’s ability to enable same-day settlement for trades conducted throughout the day. In the legacy system, settlement can only occur the same day if trades are completed before 11 AM ET, and therefore is rarely utilized.
We re thrilled to announce that Instinet and @CreditSuisse settled US equities trades on a same-day settlement cycle (T+0) via Paxos Settlement Service. Our blockchain-based network is revolutionizing securities settlement. https://t.co/IFyuQLQsKa Paxos (@PaxosGlobal) April 6, 2021
Instinet And Credit Suisse Conduct Same-Day Settlement Of Traded Stocks In Historic First With Paxos Settlement Service prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.