Euronext sets date for shorter settlements

Move comes ahead of new EU rules for settlement that will be introduced in January 2015

The IntercontinentalExchange-owned Euronext markets have joined the list of European stock exchanges that plan to shorten the time between a trade and its settlement.

A notice from Euronext said that from October 6, the settlement of a trade on its Amsterdam, Brussels, Lisbon and Paris stock markets will occur two days after a transaction is completed, known as a T+2 settlement period, rather than three days.

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