Crunch time nears for forex traders on faster trading


A shift to halve the settlement time for US equities to just one day in May could leave the forex market out of sync with its equity peers. — Bloomberg

NEW YORK: There’s one topic dominating the agenda as foreign-exchange (forex) traders descend on Miami this week: how the currency market can adjust to a fast-approaching change to US stock settlements that stands to shake-up their industry.

Representatives from all corners of the US$7.5 trillion-a-day global currency market will gather at TradeTech FX USA 2024, an annual meeting that is set to draw about 600 participants this year, to discuss everything from the timing of the Federal Reserve’s rate cuts to the role of artificial intelligence.

5.5 PAYDAY OFFER: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

BNP reports 9% rise in 1Q profit amid uncertainty
CIMB Niaga 1Q profit before tax at 2.3 trillion rupiah
Pasdec names Mohammad Ikhwan as CEO
GD Properties: Local market prospects bright
Alpha IVF to open four new centres by end-2027
KPS acquires factory sites for RM45.5mil
IOIPG set for FBM KLCI inclusion
Genting opens New York casino, creates history
Jaycorp buys RE unit for RM15mil
Tasco profit forecast holds steady amid weak 4Q

Others Also Read