The Saudi Arabian Stock Exchange has formally moved from a T+3 to T+2 settlement cycle for listed securities.
The Thailand Stock Exchange will switch to a T+2 settlement cycle on 2 March 2018.
Various global markets have made attempts to shorten their settlement cycles in recent months and the US has now followed suit.
DTCC’s straight through processing suits of products nearly hit one billion trades conducted in 2016.
Saudi Arabia’s Stock Exchange has revealed intentions to shorten its settlement cycle following similar moves by Japan and South Africa towards the end of 2016.