It's interesting to me how long settlement times for trades are. ACH transfers mostly seem to occur next day (if not quicker). With FedNow (hopefully) coming soon, it could be even faster. Is this just a bureaucracy thing? Will we ever see faster (or even instant) settle times? I understand that things have to go in an order. And it's a lot of outdated and old tech. But FedNow is being discussed and planned, but I don't hear anything like that for trading settlement times (maybe I just haven't been following enough tho).
What does everyone else think?
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